In the figure above, in which country do the highest-income 30 percent of households have the highest fraction of the nation's income?
A) Country A
B) Country B
C) Country C
D) It is impossible to answer the question without more information.
C
You might also like to view...
Most of the debates in the U.S. Congress center on
A) efficiency concerns. B) equity concerns. C) both efficiency and equity equally. D) market inefficiency.
Demand applies to which of the following?
A) fast food B) criminal activity C) labor market D) all of the above
Individual consumers supply ________ and purchase ________.
A. national goods and services; factors of production B. intermediate goods; final goods and services C. final goods and services; factors of production D. factors of production; final goods and services
Per capita GDP will rise if GDP
A. Decreases and the population increases. B. Increases more rapidly than the population increases. C. Increases more slowly than the population increases. D. Increases at the same rate as the population increases.