In the figure above, the middle fifth of all households receive what share of all income?
A) 10 percent
B) 20 percent
C) 30 percent
D) 40 percent
B
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According to Friedman, changes in the level of aggregate demand
a. are dominated by changes in the supply of money. b. cause the levels of output and employment to deviate from their natural rate for short periods of time. c. can cause movements of the economy away from the natural rate for at least 2 years. d. are dominated by changes in the demand for money. e. Both a and b.
When the price of a good increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity demanded of loanable funds ______. When the interest rate increases, the quantity supplied of loanable funds ______
a. decreases, decreases, decreases b. increases, decreases, decreases c. increases, decreases, increases d. decreases, increases, increases e. increases, increases, increases