Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 18: Problem 27

Between 1968 and 2011 , the percentage share of total income grew for __________(LO1,3) a) lowest two quintiles b) the middle three quintiles c) the highest quintile d) the highest quintile and the lowest quintile

Short Answer

Expert verified
In this case, without the actual data set to analyze, we are unable to determine the correct answer. Please consult the relevant data on income distribution to verify which option might be correct.

Step by step solution

01

Understand the quintiles

Quintiles are a way of dividing a data set into five equal parts. In the context of this exercise, we are looking at how the percentage share of total income has changed across different quintiles.
02

Analyze the growth of the lowest two quintiles

This option indicates that the growth in the percentage share of total income was experienced by the lowest two quintiles. To verify this statement, you would need to look at the data on income distribution between 1968 and 2011. If the percentage share of these two quintiles increased, then this would be the correct answer.
03

Analyze the growth of the middle three quintiles

In this option, the growth in the percentage share of total income is observed in the middle three quintiles. As with step 2, you would need to analyze data on income distribution for 1968 and 2011 to see if the percentage shares for these three quintiles have increased or not.
04

Analyze the growth of the highest quintile

This option suggests that the growth occurred in the highest quintile. Once again, you need to verify this from the income distribution data from 1968 and 2011. If the percentage share of the highest quintile increased significantly during this time, it could indicate that this is the correct answer.
05

Analyze the growth of the highest quintile and the lowest quintile

The last option indicates that both the highest and the lowest quintile saw growth in their percentage share of total income. To confirm this option, you would need to examine the data on income distribution and check if the percentage shares of both the highest and lowest quintiles have increased.
06

Comparing and selecting the correct answer

After analyzing the growth for each quintile group, you will need to compare the results of each option and determine which one is correct. The correct answer should be the quintile group(s) that have experienced growth in their percentage share of total income between 1968 and 2011. In this case, without the actual data set to analyze, we are unable to determine the correct answer. Please consult the relevant data on income distribution to verify which option might be correct.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

The richest fifth of all American families receives __________ percent of our total income. (LO1) a) almost 35 c) more than 60 b) about 50 d) more than 75

Which statement is the most accurate? (LO4,5) a) Although there are poor children in the United States, our child poverty problem is not nearly as bad as that of most other rich countries. b) The reason so many people in poor countries still don't have safe drinking water is that it would cost at least \(\$ 50\) billion a year to provide it. c) Poor people in the United States spend more than double their reported incomes. d) Although some war veterans are poor, virtually none are homeless because of the efforts of the Veterans Administration to find them housing.

Compared to the average net worth of white families, the average net worth of black and Hispanic families is (LOI) a) less than one-tenth b) about half c) almost equal d) somewhat larger

Which statement is false? (LO5) a) Nearly half of all poor Americans own their own homes. b) A poor person today has roughly the same standard of living as a middle- income person 30 years ago. c) The reported consumption spending of people in the lowest income quintile is about twice their reported income. d) The standard of living of American's poor is comparable to that of most of the rest of the world's poor people.

Which statement is true? \((\mathrm{LO6}, 9)\) a) Over 90 percent of the families receiving public assistance are headed by people who are employed. b) Nearly 90 percent of those in the workforce earn at least \(\$ 10\) an hour. c) The welfare rolls are much lower today than they were in \(1994 .\) d) If every adult on welfare were willing to work, we could cut the number of welfare families by over 75 percent.
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free