Chapter 78, Problem 2MCQ

To determine

The correct option for the proportion of total income in 2016 for the poorest 20% of households.

Answer to Problem 2MCQ

From the available options, the correct option is 3%.

Explanation of Solution

According to the data, approximately 3% of the total income in 2016, is received by the poorest 20% of households which means other all options are incorrect as these options show the wrong data for 2016.

Therefore, the correct option is b (3%).

Economics Concept Introduction

Introduction: Total income is the gross income of a country from all sources of revenue that subtract some deductions such as expenses and allowances.