Use Table 18.2 to describe how the distribution of income has changed in the United States over
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Use Table 18.2 to describe how the distribution of income has changed in the United States over the last three decades. Has inequality increased or decreased? How do you know?
Table 18.2
Transcribed Image Text:
Distribution of Household Income: Shares by Quintiles Lowest Quintile Second Quintile Third Quintile Fourth Quintile Highest Quintile 2005 3.4% 8.6 14.6 23.0 50.4 1995 3.7% 9.1 15.2 23.3 48.7 1985 3.9% 9.8 16.2 24.4 45.6 1975 4.3% 10.4 17.0 24.7 43.6
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Related Book For
Economics An Introduction To Traditional And Progressive Views
ISBN: 9780765616685
7th Edition
Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers
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