The values in the table reflect the percentages of pre-tax-and transfer income. 22. Refer to Table 20-1. The trend in income inequality from 1980 to 2010 is 23. Refer to Table 20-1. If the distribution of income were completely equal, what percentage of income would the bottom fifth of the population earn? 24. A government policy aimed at protecting people against the risk of adverse events is called
The values in the table reflect the percentages of pre-tax-and transfer income. 22. Refer to Table 20-1. The trend in income inequality from 1980 to 2010 is 23. Refer to Table 20-1. If the distribution of income were completely equal, what percentage of income would the bottom fifth of the population earn? 24. A government policy aimed at protecting people against the risk of adverse events is called
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The values in the table reflect the percentages of pre-tax-and transfer income.
22. Refer to Table 20-1. The trend in income inequality from 1980 to 2010 is
23. Refer to Table 20-1. If the distribution of income were completely equal, what percentage of income would the bottom fifth of the population earn?
24. A government policy aimed at protecting people against the risk of adverse events is called

Transcribed Image Text:Second Fifth Middle Fifth Fourth
Тор
5%
Year
Bottom Fifth
Тоp
Fifth
Fifth
2010
3.3%
8.5%
14.6%
23.4%
50.2%
21.3%
2005
3.4
8.6
14.6
23.0
50.4
22.2
2000
3.6
8.9
14.8
23.0
49.8
22.1
1995
3.7
9.1
15.2
23.3
48.7
21.0
1990
3.8
9.6
15.9
24.0
46.6
18.5
1985
3.9
9.8
16.2
24.4
45.6
17.6
1980
4.2
10.2
16.8
24.7
44.1
16.5
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