Economics - With Aplia (2 Terms)
13th Edition
ISBN: 9781337742115
Author: Arnold
Publisher: Cengage
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Question
Chapter 28, Problem 1QP
To determine
Percentage of total money income in different quintiles.
Expert Solution & Answer
Explanation of Solution
According to the U.S. Bureau of Census, the income distribution of the U.S. household during 2015 is represented by categorizing as different quintiles. The lowest fifth of the household receives 3.1 per cent and the fourth fifth of the household receives 23.2 per cent.
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Chapter 28 Solutions
Economics - With Aplia (2 Terms)
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Similar questions
- Explain income and wealth more evenly distributedarrow_forward12. Fill in the blankarrow_forwardUse the following table, based on BEA data from the first quarter of 2013 (billions of dollars), to calculate items (a) and (b): a) Other income b) Net factor income Compensation of employees 8,737 Corporate profits 2,021 National income 14,313 Gross domestic product 16,535 Gross national product 16,772 Factor income to the rest of the world 237arrow_forward
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