Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table 21-5 The distribution of income for Dismal is as follows: Number of Families Income 1,000 $10,000 or below 2,000 $10,001 to $20,000 2,000 $20,001

Table 21-5 The distribution of income for Dismal is as follows: Number of Families Income 1,000 $10,000 or below 2,000 $10,001 to $20,000 2,000 $20,001 to $30,000 800 $30,001 to $40,000 200 $40,001 and above Refer to Table 21-5. If the poverty line in the country of Dismal is $20,000, the poverty rate in Dismal is a. 16.7 percent. b. 50 percent. c. 83.3 percent. d. 33.3 percent

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

Step: 3

blur-text-image

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

Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

10th Edition

B010IKDQZM

More Books

Students also viewed these Accounting questions

Question

List three benefits of using a to-do list.

Answered: 1 week ago