The accompanying table presents data from the U.S. Census Bureau on median and mean income of male

Question:

The accompanying table presents data from the U.S.

Census Bureau on median and mean income of male workers for the years 1972 and 2018. The income figures are adjusted to eliminate the effect of inflation.

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a. By what percentage has median income changed over this period? By what percentage has mean income changed over this period?

b. Between 1972 and 2018, has the income distribution become less or more unequal? Explain.

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Microeconomics

ISBN: 9781319245283

6th Edition

Authors: Paul Krugman Robin Wells

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Question Posted: Mar 09, 2024 06:04 AM

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The accompanying table presents data from the U.S. Census Bureau on median and mean income of male

Question:

Year Median income 1972 2018 Data from: U.S. Census Bureau. Mean income (in 2018 dollars) $40,102 $46,481 41,615 61,180

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Microeconomics

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