Table shows that income inequality in the United States has increased since 1970. Some factors contributing to
Question:
Transcribed Image Text:
Bottom Second Middle Fourth Top Top 5% 20.5% 20.8 17.4 15.3 15.6 15.9 17.3 26.5 Fifth Fifth 9.6% 9.8 10.8 11.5 12.2 12.2 12.0 Fifth 15.5% 15.5 16.6 17.5 17.6 17.8 17.4 14.1 Fifth 23.1% 22.8 23.8 24.3 23.8 24.0 23.4 20.9 Fifth 47.8% 47.4 44.3 Year 2008 4.0% 2000 4.3 1990 1980 5.2 1970 5.5 1960 4.8 1950 4.5 1935 4.1 Source: U.S. Bureau of the Census. 4.6 40.9 41.3 42.7 51.7 9
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The factors contributing to the increase in income inequalit...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
The price of living in the United States has increased dramatically in the past decade, as demonstrated by the consumer price indexes (CPIs) for housing and transportation. These CPIs are listed in...
-
The price of living in the United States has increased dramatically in the past decade, as demonstrated by the consumer price indexes (CPIs) for housing and transportation. These CPIs are listed in...
-
The probability that a person in the United States has type B+ blood is 9%. Five unrelated people in the United States are selected at random. (a) Find the probability that all five have type B+...
-
There were no other non-current assets acquisitions or disposals. A dividend of 150m was paid on ordinary shares during the year. Required a) Prepare a cash flow statement for Blackheath plc for the...
-
Decide if the vector lies in the span of the set, inside of the space. (a) (b) x - x3, {x2, 2x + x2, x + x3}, in P3 (c) 100 201 /01) 1 02 0 2 1 2 , in M2x2
-
Use symmetry to evaluate the following integrals. L (3x -2 (3x8 - 2) dx
-
A long, straight wire carrying \(1.5 \mathrm{~A}\) of current to the left is placed above a large, flat sheet through which the current per unit width is \(3.0 \mathrm{~A} / \mathrm{m}\) to the left....
-
The contribution margin income statement of Krazy Kustard Donuts for August 2016 follows: Krazy Kustard sells four dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells...
-
17. A concave mirror produces a real image 10mm tall, of an object 2.5mm tall placed at 5cm from the mirror. Calculate focal length of the mirror and the position of the image. 18. An object is...
-
MapleWood Ltd., a pulp and paper company, has recently appointed a new CEO, Sarah Robbins. As her first initiative, Sarah proposed a major capital expenditure program for MapleWood to the board of...
-
Describe how antipoverty programs can discourage the poor from working. How might you reduce this disincentive? What are the disadvantages of your proposed policy?
-
Table shows that the percentage of children in families with income below the poverty line far exceeds the percentage of the elderly in such families. How might the allocation of government money...
-
Consider a two-hospital town with hospitals unimaginatively named A and B. The hospitals are considering installing a new imaging machine to attract more patients. The population of the town is small...
-
Determine the probability of betting on a winning number in a game of roulette. The numbers on the wheel are 0, 00, and 1 through 36. Each number is as likely as any other to become a winning number.
-
Reconsider question 57, but this time assume that each population has three members. Question 57 Suppose you have three populations containing two members each. Suppose the means and the variances of...
-
Suppose a bag contains 12 balls distributed as follows: five red dotted balls, two red striped balls, one gray dotted ball, and four gray striped balls. (a) Suppose you draw a red ball from the bag....
-
Find the probability of rolling a 1 on the first roll of a die, a 2 on the second, and a 3 on the third.
-
Find the probability of a 5 turning up at least once in 2 tosses of a fair die.
-
What is the definition of a twinned crystal?
-
Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...
-
Fill in the blanks: It is possible to extend a(n) ______________ but not a(n) ______________. (Choose two.) A. interface, abstract class B. anonymous class, static nested class C. abstract class,...
-
Alexi and Tony own a food truck that serves only two items, street tacos and Cuban sandwiches. As shown in the table, Alexi can make 80 street tacos per hour but only 20 Cuban sandwiches. Tony is a...
-
The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor force of 800. The following table gives production per month for each...
-
Match each diagram in Figure 1 with its description here. Assume that the economy is producing or attempting to produce at point A and that most members of society like meat and not fish. Some...
-
In August 2023, the observed yields on 3-month and 6-month Treasury bills were as follows: 3-month rate: 4.88 6-month rate: 4.86 Three months later, in a period of economic turbulence, these rates...
-
You are choosing between two projects. The cash flows for the projects are given in the following table ($ million): Project A B Year 0 -$51 - $101 a. What are the IRRS of the two projects? Year 1...
-
(5) For each of the following sets with a binary operation, determine if it a group or not and explain why. If it is not a group, you should provide at least one of the properties which is not...
Study smarter with the SolutionInn App