Exhibit 12-1 Income distribution for three countries
QuintileCountry I (%)
Country II (%)
Country III (%)
Poorest 6
8
4
Second12
12
8
Third15
15
10
Fourth27
30
30
Richest40
35
48
Exhibit 12-1 shows the percentage of income received by each population quintile. In Country II we can conclude that the:
A. least-wealthy 40 percent of the population received 20 percent of the economy's income.
B. least-wealthy 20 percent of the population received 25 percent of the economy's income.
C. richest 20 percent of the population received 20 percent of the economy's income.
D. richest 40 percent of the population received 35 percent of the economy's income.
Answer: A
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