Which of the Following Is Not True About Income Quintiles

question 135

Multiple Choice

Which of the following is not true about income quintiles in the United States?

• A)Only one in seven households in the bottom quintile has anybody working full time.
• B)Only one in three households in the top quintile has anybody working at all.
• C)A primary contributor to the smaller share of income going to the bottom quintile has been the growth of single-parent households.
• D)Three out of four households in the top quintile have two or more working members.
• E)A primary contributor to the larger share of income going to the top quintile has been the growth of two-earner households.

Analyze the main arguments in favor of and against economic stabilization policies.

Understand the various costs associated with inflation.

Comprehend the effects of monetary and fiscal policies on addressing recessions.

Recognize the challenges and limitations of stabilization policies due to policy lags.

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Definitions:

Intentional Violation

A deliberate breach of a law or regulation, indicating the violator's awareness and wilful disregard of legal obligations.

Indemnified

Protected or secured against legal responsibility for their actions or damages or losses incurred.

Partnership Supplies

Goods, equipment, or resources provided for the operation of a partnership or shared business venture.

RUPA

The Revised Uniform Partnership Act, which provides a framework for the governance of business partnerships in several states.