If the U.S. population were split into quintiles based on income, with the lowest quintile representing the poorest 20 percent, then those who earned the median income for the United States would be in the:
A. second quintile.
B. third quintile.
C. fourth quintile.
D. fifth quintile.
B. third quintile.
You might also like to view...
According to the Aggregate Demand Aggregate Supply diagram, short-term, an anti-inflation policy creates:
A. higher output. B. higher unemployment C. lower inflation. D. higher inflation.
What is the difference between aggregate expenditure and aggregate demand?
What will be an ideal response?
When quantity supplied equals quantity demanded:
A. equilibrium is reached. B. the market forces push the economy to produce more. C. the market forces push the economy to produce less. D. the market forces cease to function.
The source of power for a labor union is its ability to
a. increase the supply of labor b. decrease the demand for capital c. increase the quantity supplied of labor d. decrease the quantity supplied of labor e. decrease the supply of labor