In 2011, a household with an annual income of $75,000 would find itself in the:
A. second lowest quintile of the household income distribution.
B. third quintile of the household income distribution.
C. fourth quintile of the household income distribution.
D. fifth (highest) quintile of the household income distribution.
Answer: C
Economics
You might also like to view...
When workers voluntarily leave work while they look for better jobs, the resulting unemployment is called
A) structural unemployment. B) frictional unemployment. C) cyclical unemployment. D) underemployment.
Economics
Evidence suggests that, with rare exceptions, economic policies are not manipulated in an effort to influence electoral outcomes. Use the Lucas critique to explain why not
What will be an ideal response?
Economics