SOC.249 Interpret an Income or Wealth Distribution
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Skill Level🟡 Medium
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Text stimulus (chart): Chart titled Bottom Two Wealth Quintiles Combined. Wealth quintile chart titled Wealth-Ranked Household Shares. Bars: Bottom fifth 0%, Second fifth 1%, Middle fifth 7%, Fourth fifth 22%, Top fifth 70%. Additional evidence: bracket for bottom two quintiles = 1%.
The text stimulus ranks households by wealth and shows the bottom two quintiles together have 1% of net worth. Which conclusion is supported?