Asked by kirston seldon on May 07, 2024
Verified
If we compare income percentages of total income of the highest quintile in 1968 with 2008,we would find that it was
A) rising.
B) staying about the same.
C) falling.
Highest Quintile
The top 20 percent segment of a population when divided into five equal groups by a particular characteristic, such as income.
Total Income
The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by a country or individual in a defined time period.
1968
An iconic year characterized by global events and movements, including protests against the Vietnam War, civil rights demonstrations, and cultural shifts.
- Evaluate the distribution of income and poverty rates over time.
Verified Answer
ZK
Zybrea KnightMay 08, 2024
Final Answer :
A
Explanation :
According to data from the Congressional Budget Office, the income percentage of the highest quintile in 1968 was 43%, while in 2008 it had risen to 55%. Therefore, the correct answer is A, rising.
Learning Objectives
- Evaluate the distribution of income and poverty rates over time.