1. Describe the distribution of household income in 2009. 2. Explain what the income distribution data includes...

Question:

1. Describe the of household income in 2009.
2. Explain what the income data includes and what it leaves out.
3. Explain why the percentage of the U.S. population is not the same (20 percent) in each quintile.
4. Explain what the income would look like if each quintile contained 20 percent of the population.
5. Explain what the income would look like if it were adjusted for work hours.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...