Table 20-4 Source: U.S. Bureau of Census

question 305

Multiple Choice

Table 20-4

Source: U.S. Bureau of Census
-Refer to Table 20-4.Comparing data from 2000 and 2007,which of the following statements is correct?

• A) There has been no change in overall income inequality because the share of income held by the fourth fifth is identical.
• B) Overall income inequality has worsened slightly, as shown by the simultaneous increase in the share of income held by the top fifth and the decrease in the share of income held by the bottom fifth.
• C) Overall income inequality has improved because the share held by the middle fifth has declined by almost 1%.
• D) None of the above is correct.

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Definitions:

Predominant Purpose

The main aim or objective behind an action, agreement, or legal interpretation.

Price Terms

Conditions and details regarding the cost of goods or services being offered or negotiated, including payment amounts, schedules, and any potential for adjustments.

Sales Contract

A formal agreement between a buyer and seller specifying the terms and conditions under which goods or services will be sold and purchased.

Fixed Price

A set price that does not change, regardless of variations in market conditions or costs of production.