38 HouseholdsPercentage of Income ReceivedQuintileBefore Taxes and TransfersAfter Taxes and TransfersLowest 20%1.14.9Second 20%7.010.5Third 20%14.015.9Fourth 20%23.022.8Highest 20%54.846.0Refer to the above table. Before taxes and transfers:Multiple Choicethe lowest 20 percent of households received 70 percent of income.the highest 20 percent of households received 46.0 percent of income.the highest 20 percent of households received 54.8 percent of income.< Prev38 of 50<> Refer to the above table. Before taxes and transfers:Multiple Choicethe lowest 20 percent of households received 70 percent of income.the highest 20 percent of households received 46.0 percent of income.the highest 20 percent of households received 54.8 percent of income.the lowest 20 percent of households received 4.9 percent of income.Prev38 of 50Next >

Percentage of income represents the share of income received by particular category.

puseholds Percen Quintile Before Taxes and Tra west 20% 1.1 econd 20% 7.0 nird 20% 14.0 purth 20% 23.0 ighest 20% 54.8 er to the above table. Before taxes and transfers: Multiple Choice the lowest 20 percent of households rece the highest 20 percent of households rec the highest 20 percent of households rec

puseholds Percen Quintile Before Taxes and Tra west 20% 1.1 econd 20% 7.0 nird 20% 14.0 purth 20% 23.0 ighest 20% 54.8 er to the above table. Before taxes and transfers: Multiple Choice the lowest 20 percent of households rece the highest 20 percent of households rec the highest 20 percent of households rec

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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