67) In the United States, the richest 20 percent of households reccive nearlyper
ID: 1127378 • Letter: 6
Question
67) In the United States, the richest 20 percent of households reccive nearlypercent of total ncone A) 50 B) 20 C) 95 D) 30 E) 80 68) In the United States, it is the case that A) both income and wealth are unequally distributed and wealth is distributed more unequally than is income B) both income and wealth are equally distributed C) both income and wealth are unequally distributed and income is distributed more unequally than is wealth. D) wealth is equally distributed but income is distributed unequally E) income is equally distributed but wealth is distributed unequally 69) According to U.S. on the distribution of income, which of the following characteristics has the single greatest impact on a household's income? A) education B) marital status C) location D) size of the person's household race 70) Which type of household has the lowest poverty rate? A) white B) white and black are almost tied. C) Hispanic D) black E) white and Hispanic are almost tied. 71) Skills are costly to acquire. What forms do these costs take? i. out-of-pocket expenditures to pay for more education i. a higher value of marginal product iii forgone earnings while attending higher education A) ii only B) i and iii. C) i, ii, and iii. D) i only E) iii only 78) The three major types of income maintenance programs are A) student loans, rent control, and welfare programs. RI mrnorate wplfare. min im11m wagrPs·and affirm ativP action lawR. C) minimum wages, food stamps, and student loans. D) Social Security programs, unemployment compensation, and welfare programs. E) food stamps, unemployment compensation, and agricultural price supports. 79) Which of the following measures shows the most equality? A) money wealth B) money income L income after taxes and benet ts D) wealth E) market income come and a 25 percent tax 80) With a negative income tax that has a $10,000 guaranteed minimum in rate, a household that has a market income of $16,000 has a total income of D) $24,000. E) $10,000 B) $16,000 C) $26,000. A) $22,000.Explanation / Answer
Ans:
67) Option A - 50 percent.
In the United States the poorest 20 percent of households received 3.6 percent of income, and the richest 20 percent of households received 49.6 percent.
68) Option A
both income and wealth are unequally distributed and wealth is distributed more unequally than income.
In case of distribution of wealth, the poorest 40 percent of households owned 0.2 percent of wealth, and the richest 1 percent owned 38.1 percent of wealth
69) Option A
Education
Education is playing major role in these innovative and technogical world.people with technical education are paid higher wages and wages of other are lower. Hence education has single greatest impact on household income.
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