The Table Below Shows the Distribution of Income in the U.S

question 7

Multiple Choice

The table below shows the distribution of income in the U.S. in the year 1978.Table 19.1

-Refer to Table 19.1. What percentage of income is received by the bottom 20% of the households?

• A)10.3%
• B)43.9%
• C)24.7%
• D)4.3%
• E)16.9%

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Definitions:

Quick Assets

Quick Assets are those assets that can be quickly converted into cash, typically including cash, marketable securities, and receivables.

Price/Earnings

A ratio used to value a company by dividing its current share price by its per-share earnings, indicating the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company’s earnings.

Dividend Yield

An economic indicator that highlights the yearly amount a company distributes in dividends in comparison to its stock price.