Multiple Choice
Identify the correct statement about the distribution of income in the United States in the last two decades.
A) The share of income of the highest fifth quintile has increased in the last two decades because of an increase in the number of double-income households.
B) The share of income of the lowest fifth quintile has increased in the last two decades because of an increase in the number of double-income households.
C) The share of income of the highest fifth quintile has decreased in the last two decades because of an increase in the number of single-parent households.
D) The share of income of the lowest fifth quintile has decreased in the last two decades because of a decrease in in-kind transfers.
E) The share of income of the highest fifth quintile has increased in the last two decades because of an increase in transfer payments.
Correct Answer:
Verified
Correct Answer:
Verified
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