In 2017, About What Percentage of Total Income Was Earned

question 77

Multiple Choice

In 2017, about what percentage of total income was earned by the richest fifth of all U.S.households?

• A)30 percent
• B)50 percent
• C)70 percent
• D)90 percent

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Definitions:

Offer

A proposal by one party expressing willingness to enter into a contract, provided certain terms are met by the other party.

Revoked

The withdrawal, cancellation, or annulment of a right, privilege, license, or decision, often by a competent authority.

Fixed Terms

Fixed terms refer to conditions or clauses in a contract or agreement that are set and cannot be changed without the consent of all parties involved.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.