Asked by Prince Osman on May 28, 2024
Verified
If we compare income percentages of total income of the lowest quintile in 1968 with 2008,we would find that it was
A) rising.
B) staying about the same.
C) falling.
Lowest Quintile
Refers to the bottom 20% of a population sorted by income or wealth.
Total Income
The sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings received by individuals or businesses in a given period.
1968
A year marked by significant global events, including political protests, movements for civil rights, and major shifts in culture.
- Analyze the evolution of income distribution and poverty levels across various time periods.
Verified Answer
EA
edwin alajoMay 28, 2024
Final Answer :
C
Explanation :
According to research and data from the US Census Bureau, the income percentage of the lowest quintile has been falling from 4.0% in 1968 to 3.4% in 2008. Therefore, choice C is correct.
Learning Objectives
- Analyze the evolution of income distribution and poverty levels across various time periods.