The accompanying table contains data on the income distribution of five states. Pick one and sketch out

Question:

The accompanying table contains data on the income distribution of five states. Pick one and sketch out its income distribution similar to Figure 1. What percentage of all income does the highest-income quintile earn? Using what you learned in the text, if current trends continue, how do you expect the share of income going to the highest-income quintile to change in the next 20 years?

Figure 1

Median annual earnings in 2017 $120,000 $80,000 $40,000 $0 $25,200 High school inodoup $32,300 High school

Average Annual Family Income State Lowest-income quintile $14,300 $11,900 CA FL NY MN TX $12,200 $15,900

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: