Question
In the United States, the top quintile of the income distribution earns a. about two times what the bottom quintile earns b. nearly twenty-five times what the bottom quintile earns c. almost thirteen times what the bottom quintile earns d. what the bottom quintile earns e. about eight times what the bottom quintile earns
Ask by Knight Smith. in the United States
Mar 10,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
The top quintile earns almost thirteen times what the bottom quintile earns.
Solution
To determine the correct answer, we need to analyze the income distribution in the United States, particularly focusing on the earnings of the top quintile compared to the bottom quintile.
1. **Understanding Quintiles**: Quintiles divide the income distribution into five equal parts. The top quintile represents the highest 20% of earners, while the bottom quintile represents the lowest 20% of earners.
2. **Income Comparison**: Research and data from various economic studies indicate that the income of the top quintile is significantly higher than that of the bottom quintile.
3. **Statistical Data**: According to recent statistics, the top quintile earns approximately 13 times more than the bottom quintile. This figure can vary slightly depending on the source and year of the data, but it is generally accepted in economic literature.
Based on this analysis, the correct answer is:
**c. almost thirteen times what the bottom quintile earns**.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Mind Expander
If you guessed c, almost thirteen times what the bottom quintile earns, you're right! The income disparity in the U.S. has grown over the decades, but this statistic highlights the stark difference in earnings among different income groups. This gap often sparks discussions about economic policies and social equity. Many advocate for various reforms—like improved education access, minimum wage adjustments, and tax reforms—aimed at bridging this income divide and creating a more equitable society for all.