Use the Following to Answer Question(s): Income Distribution

question 87

Multiple Choice

Use the following to answer question(s) : Income Distribution

-(Exhibit: Income Distribution) Curve B shows that the lowest quintile of families gets approximately _______ percent of the income.

• A) 2-4
• B) 7-10
• C) 12-14
• D) 17-19

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Definitions:

Cash Flow Statement

A financial document detailing the inflow and outflow of cash in a business, thereby indicating its operating, investing, and financing activities over a period.

Statement of Equity

A financial document that outlines the changes in the equity section of the balance sheet during a certain period, including profits retained in the business, dividends paid, and equity capital injections.

Gross Profit

The difference between revenue and the cost of goods sold before deduction of overheads, interests, and taxes.

Gross Sales

The revenue earned from the sale of merchandise to customers.