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
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Transcribed Image Text: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
de 34 jaar
The poor and middle
class used to see the
largest income growth.
O about 6%
O about 0%
O about 2%
O about 3%
www
1980
In 2014
INCOME PERCENTILE
But now, the very affluent
(the 99.999th percentile)
see the largest income growth.
From 1940 to 1980 (the grey series) how much did income grow (each year) for
the average American (those at the 50th income percentile)?
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