Module D Project Problem 2. Figure 1 shows different groups of U.S. income earners in 1989. (Data source: Federal Reserve Board's Survey of Consumer Finances and Federal Reserve Bank of St. Louis.) 15% Top 10% of income 42% earners Middle 50% - 90% of income earners 43% Bottom 50% of income earners Figure 1. 1989 pre-tax income distribution among all United States earner's shares of total household income. The total income is worth 7.12 trillion dollars (2016 adjusted dollars after effects of inflation). The bottom 50% - In 2016, households in the 0-50th percentiles had incomes of $0 to $53,000. The middle 50% - 90% - These households had incomes between $53,000 and $176,000. The top 10% - Households in the 90th percentile had incomes of $176,000 or above. Consider that the U.S. has a total "income pie." Think of it as all of the pre-tax household income combined - including wages, interest, capital gains, food stamps (Also known as SNAP food benefits or CalFresh), Social Security and all other sources of income. Suppose the following: The total "income pie" is worth 12.88 trillion dollars in 2016. The top 10% of the earners made roughly 115% more in 2016 than in 1989. The middle 50% - 90% of the earners made roughly 55% more in 2016 than in 1989. The bottom 50% of the earners made roughly 57% more in 2016 than in 1989. Draw an "income pie" that looks similar to that in Figure 1 for the 2016 U.S. income distribution. Be sure to show all of your calculations. What do you notice by comparing the two income pies