Answered

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One-fifth of the population, rank ordered by income, is A) An income quintile B) A population quintile. C) An earnings-population quintile. D) None of the choices are correct.

Sagot :

Answer: income quintile

Explanation:

An income quintile is how the socioeconomic status of a population is measured. Here, the population is divided into 5 income groups which is from the lowest income group to the highest income group. One-fifth of the population are in each group, which is rank ordered by income.

The first quintile = 0 - 20%

Second quintile = 20% - 40%

Third quintile = 40% - 60%

Fourth quintile = 60% - 80%

Fifth quintile = 80% - 100%

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