Which of the following statements about income distribution in the United States in 2008 is NOT TRUE?
A) Higher-income groups received a very small share of total income.
B) The median income of families was about $61,521.
C) The top 20 percent income group received almost 48 percent of the total income.
D) Well-to-do families with incomes over $200,000 got over 20 percent of the total income.
E) Almost 16 million families had less than $27,800 income.

Question

Quizplus · Accepted Answer

This statement is not true. In fact, higher-income groups received a significant share of total income, with the top 5 percent of households earning more than 20 percent of total income in 2008.

Which of the Following Statements About Income Distribution in the United