Asked by Tommy Grias on May 16, 2024
Verified
Between 1968 and 2008 the percentage share of income that went to the top quintile
A) fell substantially.
B) fell somewhat.
C) stayed about the same.
D) rose somewhat.
E) rose substantially.
Income Share
The distribution of total income among different groups or individuals, often used to analyze economic inequality.
Quintile
A statistical value that represents 20% of a given population or dataset, dividing it into five equal parts.
Percentage
A rate, number, or amount in each hundred.
- Recognize the historical trends in income distribution and poverty rates.
Verified Answer
HJ
Hazyl JonasMay 22, 2024
Final Answer :
E
Explanation :
According to the information given, the percentage share of income that went to the top quintile increased between 1968 and 2008. Therefore, the best choice is E, "rose substantially."
Learning Objectives
- Recognize the historical trends in income distribution and poverty rates.