-If We Were on Lorenz Curve M,the Top Income Quintile

question 149

Multiple Choice

-If we were on Lorenz curve M,the top income quintile receives about _______% of income.

• A)24
• B)40
• C)58
• D)80
• E)There is not enough information.

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Definitions:

Preferred Stock

A class of ownership in a corporation with a fixed dividend that is paid before any dividends are paid to common stockholders.

Cumulative

Describes something that increases in quantity, degree, or force by successive additions.

Market Rate of Return

The average rate of return on investments expected by investors in the market.

Annual Dividend

The total dividend payment a company decides to distribute to its shareholders annually.