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Income(s) range in ($) Population 0-10,000 10,000 10,000-30,000 5000 30,001-50,000 2000 50,001-70,000 500 70,001-90,000 300 90,000-100,000 150 Over 100,000 50 If the poverty line is $70,000, what income range is the most likely range to be identified as NEAR POOR? 30,001-50,000 70,001-90,000 500 50,001-70,000

Income(s) range in ($) Population 0-10,000 10,000 10,000-30,000 5000 30,001-50,000 2000 50,001-70,000 500 70,001-90,000 300 90,000-100,000 150 Over 100,000 50 If the poverty line is $70,000, what income range is the most likely range to be identified as NEAR POOR? 30,001-50,000 70,001-90,000 500 50,001-70,000

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 22RQ: Who is included in the top income quintile?
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Income(s) range in ($) Population 0-10,000 10,000 10,000-30,000 5000 30,001-50,000 2000 50,001-70,000 500 70,001-90,000 300 90,000-100,000 150 Over 100,000 50 If the poverty line is $70,000, what income range is the most likely range to be identified as NEAR POOR? 30,001-50,000 70,001-90,000 500 50,001-70,000
Transcribed Image Text:Income(s) range in ($) Population 0-10,000 10,000 10,000-30,000 5000 30,001-50,000 2000 50,001-70,000 500 70,001-90,000 300 90,000-100,000 150 Over 100,000 50 If the poverty line is $70,000, what income range is the most likely range to be identified as NEAR POOR? 30,001-50,000 70,001-90,000 500 50,001-70,000
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