Identify the Correct Statement About the Distribution of Income in the United

question 61

Multiple Choice

Identify the correct statement about the distribution of income in the United States in the last two decades.

• A)The share of income of the highest fifth quintile has increased in the last two decades because of an increase in the number of double-income households.
• B)The share of income of the lowest fifth quintile has increased in the last two decades because of an increase in the number of double-income households.
• C)The share of income of the highest fifth quintile has decreased in the last two decades because of an increase in the number of single-parent households.
• D)The share of income of the lowest fifth quintile has decreased in the last two decades because of a decrease in in-kind transfers.
• E)The share of income of the highest fifth quintile has increased in the last two decades because of an increase in transfer payments.

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Definitions:

Randomization

The process of making choices randomly (or as if by chance), often used in experiments to eliminate bias and ensure an unbiased distribution of experimental conditions.

Repetition

The act or an instance of repeating something, often for emphasis, learning or effect.

Sampling Method

The technique or process used to select a sample from a population for statistical analysis.

Stratified Sample

A stratified sample involves dividing a population into smaller groups, or strata, and randomly sampling from each stratum to ensure representation of all groups.