The most accurate statement is "In 2009, about 50% were still in the bottom fifth of the income distribution in 1977". Option B
This is further explained below.
<h3>What is income distribution?</h3>
Generally, In economics, the concept of "income distribution" refers to the method through which a nation's gross domestic product (GDP) is split up among its citizens.
Since the beginning of economics, both mainstream economics and monetary reforms have placed an emphasis on the importance of income and how it is distributed.
The term "income distribution" refers to the process through which a country's total revenue is parceled out among its citizens.
In conclusion, The statement that is most accurate In 2009, over half of the population remained in the lowest fifth of the income distribution from 1977. Alternative B
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Complete Question
Which is most accurate about those who were in the bottom fifth of the income distribution in 1977?
a) In 2009, about 85% of them were still in the bottom fifth of the income distribution.
b) In 2009, about 50% were still in the bottom fifth of the income distribution.
c) In 2009, about 25% were in the bottom fifth and another 25% were in the second poorest group.
d) In 2009, about 14% were in the middle fifth and another 9% were in the second richest group.
