Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. What percentage of total income is received by the richest quintile?
A) 50
B) 5
C) 25
D) 20
Correct Answer:
Verified
Q1: Which of the following countries has the
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
Q8: In 2014, the highest quintile of households
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
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents