In the figure above, the poorest 20 percent of all households receive what share of all income?
A) 10 percent
B) 20 percent
C) 30 percent
D) 40 percent
A
Economics
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According to classical economists, the credit market reaches an equilibrium when
A) desired investment equals desired saving. B) desired investment equals planned changes in aggregate supply. C) desired investment equals planned investment. D) planned investment equals government expenditures.
Economics
What explains the appreciation of the Japanese yen relative to the U.S. dollar from 1970 to the early 1990s?
A) High tariffs and restrictive quotas in the United States caused the value of the dollar to decline. B) Japanese productivity rose faster than U.S. productivity. C) U.S. consumers reduced their preferences for Japanese goods. D) Japanese inflation rose faster than U.S. inflation.
Economics