Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 7SCQ: Table 15.9 shows the share of income going to each quintile of the income distribution for the...
Related questions
Question
![overty and Income Distribution in America: How Do
We Measure Income Distribution ?
Year Lowest
Quintile | to
20%
60%
80%
Тор
5%
40%
to
to
to
40%
60%
80%
100%
1967 4.0
1970 4.1
1975 4.3
1980 4.2
1985 3.9
1990 3.8
1995 3.7
2000 3.6
2005 3.4
2010 |3.3
2013 3.2
10.8
10.8
17.3
24.2
43.6
17.2
17.4
24.5
43.3
16.6
10.4
17.0
24.7
43.6
16.5
16.5
17.6
10.2
16.8
24.7
44.1
9.8
16.2
24.4
45.6
9.6
15.9
24.0
46.6
18.5
9.1
15,2
23.3
48.7
21.0
8.9
14.8
23.0
49.8
22.1
22.2
23.0
23.4
50.4
8.6
8.5
14.6
14.6
50.3
21.3
8.4
14.4
23.0
51
22.2
O4:45/ 11:42
YouTube Q E:
CC
LJ
Is increased income inequality a natural outcome of the a capitalist system?
Select one:
a. Yes
b. No](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3243f7f-4459-49a3-b8f1-08c432ad7adc%2F8d0260b5-c248-4d1a-a7b5-27992a6398bf%2Fb2dm0n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:overty and Income Distribution in America: How Do
We Measure Income Distribution ?
Year Lowest
Quintile | to
20%
60%
80%
Тор
5%
40%
to
to
to
40%
60%
80%
100%
1967 4.0
1970 4.1
1975 4.3
1980 4.2
1985 3.9
1990 3.8
1995 3.7
2000 3.6
2005 3.4
2010 |3.3
2013 3.2
10.8
10.8
17.3
24.2
43.6
17.2
17.4
24.5
43.3
16.6
10.4
17.0
24.7
43.6
16.5
16.5
17.6
10.2
16.8
24.7
44.1
9.8
16.2
24.4
45.6
9.6
15.9
24.0
46.6
18.5
9.1
15,2
23.3
48.7
21.0
8.9
14.8
23.0
49.8
22.1
22.2
23.0
23.4
50.4
8.6
8.5
14.6
14.6
50.3
21.3
8.4
14.4
23.0
51
22.2
O4:45/ 11:42
YouTube Q E:
CC
LJ
Is increased income inequality a natural outcome of the a capitalist system?
Select one:
a. Yes
b. No
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