The accompanying table presents data from the U.S. Census Bureau on median and mean income of male
Question:
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 2015, has the income distribution become less or more unequal? Explain.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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