Solved

Table 20-8
Income Inequality in the United States
the Values

Question 62

Short Answer

Table 20-8
Income Inequality in the United States
The values in the table reflect the percentages of pre-tax-and transfer income.
Source: US Census Bureau
 Year  Bottom Fifth  Second Fifth  Middle Fifth  Fourth Fifth  Top Fifth  Top 5% 20103.3%8.5%14.6%23.4%50.2%21.3%20053.48.614.623.050.422.220003.68.914.823.049.822.119953.79.115.223.348.721.019903.89.615.924.046.618.519853.99.816.224.445.617.619804.210.216.824.744.116.5\begin{array}{|l|l|l|l|l|l|l|}\hline \text { Year } & \text { Bottom Fifth } & \text { Second Fifth } & \text { Middle Fifth } & \text { Fourth Fifth } & \text { Top Fifth } & \text { Top 5\% } \\\hline \mathbf{2 0 1 0} & 3.3 \% & 8.5 \% & 14.6 \% & 23.4 \% & 50.2 \% & 21.3 \% \\\hline \mathbf{2 0 0 5} & 3.4 & 8.6 & 14.6 & 23.0 & 50.4 & 22.2 \\\hline \mathbf{2 0 0 0} & 3.6 & 8.9 & 14.8 & 23.0 & 49.8 & 22.1 \\\hline \mathbf{1 9 9 5} & 3.7 & 9.1 & 15.2 & 23.3 & 48.7 & 21.0 \\\hline \mathbf{1 9 9 0} & 3.8 & 9.6 & 15.9 & 24.0 & 46.6 & 18.5 \\\hline \mathbf{1 9 8 5} & 3.9 & 9.8 & 16.2 & 24.4 & 45.6 & 17.6 \\\hline \mathbf{1 9 8 0} & 4.2 & 10.2 & 16.8 & 24.7 & 44.1 & 16.5\\\hline \end{array}

-Refer to Table 20-8. If the distribution of income were completely equal, what percentage of income would the bottom fifth of the population earn?

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents