Question

the personal distribution of income shows
that the richest 20 percent of households receive 23 percent of total income.
that the poorest 20 percent of households receive less than 4 percent of total income.
that labor receives the largest percentage of total income.
that interest accounts for most of the income of the richest 20 percent of households.
how profit accounts for the largest fraction of total income.

Explanation:

To solve this, we analyze each option based on knowledge of personal income distribution:

1. The richest 20% of households typically receive a much larger share (e.g., around 50%+ in many economies), so "23%" is incorrect.
2. The poorest 20% of households generally receive less than 4% of total income in many income distribution studies, which aligns with the concept of income inequality.
3. Labor receiving the largest percentage is related to functional income distribution (not personal), so this is incorrect.
4. Interest is not the main income source for the richest 20% (they often have income from various sources like business, capital gains, etc.), so this is incorrect.
5. Profit being the largest fraction is about functional distribution, not personal, so this is incorrect.

Answer:

B. that the poorest 20 percent of households receive less than 4 percent of total income.