Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 78, Problem 2MCQ
To determine
The correct option for the proportion of total income in 2016 for the poorest 20% of households.
Expert Solution & Answer
Answer to Problem 2MCQ
From the available options, the correct option is 3%.
Explanation of Solution
According to the data, approximately 3% of the total income in 2016, is received by the poorest 20% of households which means other all options are incorrect as these options show the wrong data for 2016.
Therefore, the correct option is b (3%).
Economics Concept Introduction
Introduction: Total income is the gross income of a country from all sources of revenue that subtract some deductions such as expenses and allowances.
Chapter 78 Solutions
Krugman's Economics For The Ap® Course
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