Exhibit 10-12 Income distribution for three countries
QuintileCountry I (%)
Country II (%)
Country III (%)
Poorest 6
8
4
Second12
12
8
Third15
15
10
Fourth27
30
30
Richest40
35
48
Exhibit 10-12 shows the percentage of income received by each population quintile. In Country I we can conclude that the:
A. richest 20 percent of the population received 25 percent of the economy's income.
B. richest 20 percent of the population received 40 percent of the economy's income.
C. richest 20 percent of the population received 80 percent of the economy's income.
D. least-wealthy 20 percent of the population received 40 percent of the economy's income.
Answer: B
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What did the Federalists believe about banking?
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