In 2014, the highest quintile of households in the U.S. income distribution received about
A) 43 percent of total income.
B) 55 percent of total income.
C) 62 percent of total income.
D) 51 percent of total income.
Correct Answer:
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Q3: The Lorenz curve portrays
A) the functional distribution
Q4: In 2014, the average income for households
Q5: The greater the area between the Lorenz
Q6: The Gini ratio of income inequality ranges
Q7: In the quintile distribution of income, the
Q9: The Lorenz curve
A) plots graphically the poverty
Q10: The highest quintile of households in the
Q11: The Gini ratio
A) measures the relative extent
Q12: Which of the following Gini ratios indicates
Q13: In 2014, a household with an annual
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