Asked by Conner Reiss on Jun 09, 2024
Verified
What is the percentage of income received by the upper quintile on line Z?
Upper Quintile
The top 20% segment of a population when it is divided into five equal groups by some measure such as income or wealth.
Income Received
Refers to the total amount of money or its equivalent received by an individual or a group over a specific time period, including wages, salaries, benefits, and earnings from investments.
- Measure and appraise the share of income allotted to various quintiles.
Verified Answer
AB
Learning Objectives
- Measure and appraise the share of income allotted to various quintiles.