Exhibit 10-12 Income distribution for three countries Quintile Country I (%) Country II (%) Country III (%) Poorest 6 8 4 Second 12 12 8 Third 15 15 10 Fourth 27 30 30 Richest 40 35 48 Exhibit 10-12 shows the percentage of income received by each population quintile. From this chart we can conclude: a. Country II has the most equal income distribution. b. Country I has the most unequal income distribution. c. Country II has the most unequal income distribution. d. Country III has a more equal income distribution than Country II.
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Step 1: The most equal income distribution is when the income is distributed evenly among the population. Show more…
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