You saw earlier (here ) that in the United States, the lowest-paid 20 percent of the population

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You saw earlier (here ) that in the United States, the lowest-paid 20 percent of the population receives 3 percent of total income and the highest-paid 20 percent receives 50 percent of total income. The personal distribution of income in the world economy is much more unequal.

According to World Bank data, the lowest-paid 20 percent of the world’s population receives 2 percent of world income and the highest-paid 20 percent receives about 70 percent of world income.

Figure 2.3 For Whom in the Global Economy in 2015 International Distribution

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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