The accompanying table presents data from the U.S. Census Bureau on median and mean income of male

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The accompanying table presents data from the U.S. Census Bureau on median and mean income of male workers for the years 1972 and 2015. The income figures are adjusted to eliminate the effect of inflation.

Median income Mean income Year (in 2015 dollars) $37,760 1972 $43,766 54,757 2015 37,138


a. By what percentage has median income changed over this period? By what percentage has mean income changed over this period?

b. Between 1972 and 2015, has the income distribution become less or more unequal? Explain.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Microeconomics

ISBN: 978-1319098780

5th edition

Authors: Paul Krugman, Robin Wells

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