According to Table 2.4, (a) What is the average income in the United States? (b) What percentage

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According to Table 2.4,
(a) What is the average income in the United States?
(b) What percentage of the average income of people in the highest fifth would have to be taxed away o bring them down to that average?
TABLE 2.4 Unequal Incomes
Share of Total Income (Percent) 51.2% 23.2 14.3 8.2 3.1 2014 Income Income Group Highest fifth Second fifth Third fifth
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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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