(A) (B) (C) (D) Quintile Income Income Income Lowest 16% 14% 4% Income 8% Second 18 15 9 13 Third 20 19 15 17 Fourth 22 22 23 22 Highest 24 30 49 40 Which of the income distributions in the accompanying table is closest to describing the United States (as of Mutiple Choice
(A) (B) (C) (D) Quintile Income Income Income Lowest 16% 14% 4% Income 8% Second 18 15 9 13 Third 20 19 15 17 Fourth 22 22 23 22 Highest 24 30 49 40 Which of the income distributions in the accompanying table is closest to describing the United States (as of Mutiple Choice
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

Transcribed Image Text:(A)
(B)
(C)
(D)
Quintile Income
Income
Income
Lowest
16%
14%
4%
Income
8%
Second
18
15
9
13
Third
20
19
15
17
Fourth
22
22
23
22
Highest
24
30
49
40
Which of the income distributions in the accompanying table is closest to describing the United States (as of
Mutiple Choice
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