Answer the question on the basis of the following information. Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. Refer to the given
information. What percentage of total income is received by the lowest 60 percent of the income receivers in population A?
A. 60.
B. 50.
C. 25.
D. 20.
Answer: C
You might also like to view...
Which school of thought would be considered the most laissez-faire?
A. the mainstream view B. the monetarist view C. the self-correction view D. the real business cycle view
The conservative theory of poverty blames _____ for welfare dependency.
A. the poor B. the government C. both the poor and the government D. neither the poor nor the government
Our trade deficit is big for three main reasons: (1) ______, (2) ______, and (3) ________.
Fill in the blank(s) with the appropriate word(s).
Data on exports and imports for the United States over the period from 1890 to 2018 show that
A. a higher percentage of U.S. goods was exported in recent years than in earlier years. B. the percentage of total output exported by U.S. firms fell dramatically during World War I and World War II. C. the United States had large trade deficits throughout this entire period. D. the United States had large trade surpluses throughout this entire period.