Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table 21-4 Quintile Shares of Income by Quintile (Percent) 2000 2010 2019 Bottom Quintile 4.3 3.8 3.9 Second Quintile 9.8 9.4 9.2 Middle Quintile 15.4

Table 21-4 Quintile Shares of Income by Quintile (Percent) 2000 2010 2019 Bottom Quintile 4.3 3.8 3.9 Second Quintile 9.8 9.4 9.2 Middle Quintile 15.4 15.4 14.8 Fourth Quintile 22.7 23.5 22.5 Top Quintile 47.7 47.9 49.5 Source: U.S. Bureau of Census Refer to Table 21-4. In 2019, the top quintile of families have a. 48.8% more income than the bottom quintile of families. b. 9% more income than the bottom quintile of families. c. 23.4% more income than the bottom quintile of families

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Economics

Authors: Robert Frank, Ben Bernanke

5th edition

73511404, 978-0073511405

More Books

Students also viewed these Economics questions

Question

What reward will you give yourself when you achieve this?

Answered: 1 week ago