Macroeconomics + Economy 2009 Update 18th Edition by Campbell McConnell, Sean Masaki Flynn,Stanley Brue

Exercise 1

PERSONAL DISTRIBUTION OF INCOME-WHAT IS THE TREND Visit the U.S. Census Bureau Web site at www.census.gov/hhes/income/midclass/index.html and select Data Highlights. Since 1970, how has the share of aggregate household income received by the lowest and highest income quintiles (fifths) changed