A think tank of economists is interested in how the distribution of family income has changed in Country X during the last 20 years. The summary measures and histograms shown below are generated for a sample of 500 family incomes, using the 1997 and 2017 income for each family in the sample.
Summary Measures (in thousands of dollars): Based on these results, discuss as completely as possible how the distribution of family income in Country X changed from 1997 to 2017.

Question

A think tank of economists is interested in how the distribution of family income has changed in Country X during the last 20 years. The summary measures and histograms shown below are generated for a sample of 500 family incomes, using the 1997 and 2017 income for each family in the sample.
Summary Measures (in thousands of dollars):  ​   Based on these results, discuss as completely as possible how the distribution of family income in Country X changed from 1997 to 2017.

Quizplus · Accepted Answer

The Answer of A think tank of economists is interested in how the distribution of family income has changed in Country X during the last 20 years. The summary measures and histograms shown below are generated for a sample of 500 family incomes, using the 1997 and 2017 income for each family in the sample.
Summary Measures (in thousands of dollars):  ​   Based on these results, discuss as completely as possible how the distribution of family income in Country X changed from 1997 to 2017.

A Think Tank of Economists Is Interested in How the Distribution