Author Question: In the United States, how does the income received by the richest 20 percent of individuals compare ... (Read 107 times)

yoroshambo · **on:** Jun 29, 2018

In the United States, how does the income received by the richest 20 percent of individuals compare with the income received by the other 80 percent?

What will be an ideal response?

Question 2

Suppose Honda purchases a car factory in the United States. This purchase is entered into which of the balance of payments accounts?

A) business purchases account
B) current account
C) capital and financial account
D) trade account
E) official settlements account

jasonq · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

In the United States, the richest 20 percent of individuals receive about 51 percent of the nation's total income. Thus the other 80 percent of individuals receive the remainder, about 49 percent of the nation's income. So the richest 20 percent of the individuals receive almost the same amount as the other 80 percent of people.

Answer to Question 2

C