Figure A illustrates the trends in global and between-country income inequality measured by the Gini coefficient between 1945 and 2015. Recall that the between-country income inequality below is calculated based on the assumption that everyone in a nation makes the nation-wide average income. Figure B shows the share of income received by the top 1% in six countries between 1910 and 2015. What are the overall trends in figure b since 1980, and explain how that is shown in figure a.

Figure A Figure B 0.75 Global inequality inequality among all individuals in the world 1929 Start of Great Depression 1918 1945 End of WWI End of WWI 1973 End of golden age of capitalism 2008 Start of global financial crisis 30 Inequality between countries (hypothetical) 25 0.50 20 Inequality (Gini coefficient) Income share of the top 1%(%) US South AN Argentin UK China India 15 0.25 10 5 0 1945 1950 1959 1960 1969 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Year 1910 1915- 1920- 1925 1930 1935 1940 1945- 0561 1955 1960 1965 0260 1975- 1980- 1985- 0661 STOZ Year