If Income Were Equally Distributed Among Households

question 343

Multiple Choice

If income were equally distributed among households,

• A)each household's relative share of income would increase.
• B)each household's relative share of income would decrease.
• C)the top fifth of households would have 50 percent of the income.
• D)50 percent of the households would receive exactly 50 percent of the income.

---

Definitions:

Structured Problems

Structured problems are well-defined, clear, and straightforward issues that can be solved through recognized procedures and methods.

Unstructured Problems

Involve situations that are complex and lack clear definition or a straightforward solution path, often requiring creative problem-solving techniques.

Uncertain Environment

An environment that lacks so much information that it is difficult to assign probabilities to the likely outcomes of alternatives.

Probabilities

The measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.