Distribution of income according to percentiles, such as the highest 40 percent or lowest 20 percent ?is known as the _______________ distribution of income.
A)size
B)functional
C)GNP-weighted
D) equal-weighted

Question

Quizplus · Accepted Answer

The distribution of income according to percentiles is commonly referred to as the size distribution of income. This is because it represents the size of income shares held by different sections of the population. The other options, functional, GNP-weighted, and equal-weighted, refer to different methods of measuring the overall level of income or economic activity in a society, rather than the distribution of that income.

Distribution of Income According to Percentiles, Such as the Highest