Suppose that we compare of income earned by different U.S groups by dividing all households into five groups. Which of the following statements about the income distribution in the United States is correct?
What following statements?
No.
If these are your choices, C is also wrong.
A. Shares of income increase as we move from the lowest quintile to the highest quintile.
B. Shares of income remain roughly constant as we move from the lowest quintile to the highest quintile.
C. Shares of income decrease as we move from the lowest quintile to the highest quintile.
D. none of the above
B. Shares of income remain roughly constant as we move from the lowest quintile to the highest quintile.
To determine the correct statement about income distribution in the United States, we can use statistical data and analysis from reputable sources. One such source is the U.S. Census Bureau, which provides data on income distribution through their annual surveys.
To find the most up-to-date information on income distribution, you can visit the U.S. Census Bureau's website and look for their latest report on income and poverty. The report usually includes information on households grouped into quintiles (five groups) based on income. It will provide data on the percentage of total income earned by each quintile.
By analyzing this data, you can determine the correct statement about income distribution in the United States. It is important to consider the specific time period, as income distribution can vary over time due to various economic factors.
I recommend visiting the U.S. Census Bureau's website and searching for their most recent report on income and poverty. Once you have accessed the report, look for the section that provides income distribution data based on quintiles. This information will help you determine the correct statement about income distribution in the United States.