This graphic was created by David Leonhardt and is based on data from Piketty, Saez, and Zucman. For each income percentile, the graphic shows income growth for two time periods. Use this image to answer the next 4 questions. INCOME GROWTH The poor and middle class used to see the largest income growth. O about 6% O about 0% 1980 O about 2% O about 3% In 2014 INCOME PERCENTILE From 1940 to 1980 (the grey series) how much did income grow (each year) for the average American (those at the 50th income percentile)? But now, the very affluent (the 99.999th percentile) see the largest income growth.
This graphic was created by David Leonhardt and is based on data from Piketty, Saez, and Zucman. For each income percentile, the graphic shows income growth for two time periods. Use this image to answer the next 4 questions. INCOME GROWTH The poor and middle class used to see the largest income growth. O about 6% O about 0% 1980 O about 2% O about 3% In 2014 INCOME PERCENTILE From 1940 to 1980 (the grey series) how much did income grow (each year) for the average American (those at the 50th income percentile)? But now, the very affluent (the 99.999th percentile) see the largest income growth.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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