The government announces programs designed to reduce the share of income going to the top quintile from 60% to 20%. You predict that the most likely result is that:◻ mean household income will fall, because the highest income earners will earn less and work less.median household income will rise, because some of the 40% of redistributed income will be transferred to thethird quintile.after redistribution, each quintile will receive 20% of total wealth.◻ the lowest quintile will receive the 40% taken from the top quintile and switch places.
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