Based on data from 2011, the top fifth of all families received approximately what percent of all income in the United States? Question 34 options: 1) 83 percent 2) 49 percent 3) 41 percent 4) 21 percent
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Table 20-4: Quintile Shares of Income by Quintile, 2000 Bottom Fifth: 4.3% Second Fifth: 9.8% Middle Fifth: 15.5% Fourth Fifth: 22.8% Top Fifth: 47.4% Source: U.S. Bureau of Census Shares of Income by Quintile, 2003 Bottom Fifth: 4.1% Second Fifth: 9.6% Middle Fifth: 15.5% Fourth Fifth: 23.2% Top Fifth: 47.6% Shares of Income by Quintile, 2007 Bottom Fifth: 3.4% Second Fifth: 8.8% Middle Fifth: 14.7% Fourth Fifth: 22.8% Top Fifth: 50.3% 7. Refer to Table 20-4. In 2007, the top fifth of families have: a. Almost 15 times as much income as the bottom fifth of families. b. 96.6% more income than the bottom fifth of families. c. 50.3% more income than the bottom fifth of families. d. 46.9% more income than the bottom fifth of families.
Akash M.
In the United States today, the poorest fifth of the popu- lation earns about _____ percent of all income, while the richest fifth earns about _____ percent. a. $2,70$ b. $4,50$ c. $6,35$ d. 8.25
According to the Lorenz Curve here, the combined income of the third poorest fifth, second and the first poorest fifth of families will be ________% of income. A. 35 B. 60 C. 12 D. 32
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