Which Is Most Accurate About Those Who Were in the Bottom

question 6

Multiple Choice

Which is most accurate about those who were in the bottom fifth of the income distribution in 1975?

• A)In 1991,about 85% of them were still in the bottom fifth of the income distribution.
• B)In 1991,about 50% were still in the bottom fifth of the income distribution.
• C)In 1991,about 25% were in the bottom fifth and another 25% were in the second poorest group.
• D)In 1991,about 30% were in the richest fifth and another 30% were in the second richest group.

---

Definitions:

Photography Department

A specialized division within a company or institution focused on photographic services, including taking, editing, and selling photographs.

Revenue

The total amount of money earned by a company from its business activities, such as the sale of goods and services, before any expenses are deducted.

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.