Short Answer 3 ALI. NEW MIDDLE COLONIES ENGLAND COLONIES SOUTH Mean average 2520 1612 189.2 394.? Median average [08.7 74.4 152.5 144.5 Distribution Bottom 20% 1.0% 1.2% 0.7% Top 20% 65.9 52.7 69.6 Composition Land 60.5 45.9 Slaves and servants . 4.1 33.6 Livestock . . l 1.3 8.8 Consumerpersonal . 8.4 5.1 Source: Adapted tam Jones 197$ presented in Perkins 1M8, 219. The above table provides data on asset holdings based on probate records from the three colonial regions in 1774. After adjusting for age and region, is your level of assets at the time of your death a good proxy for income (1 pt)? Explain (4 pts). (Note: Ignore the issue of heritance. For the most individuals, heritance made up a small share of their assets.) Which region shows the highest level of inequality (1 pt)? Explain your answer two different ways using the data in the table: First, use the information on the mean average and median average. Second, use the data on the \"distribution\" of assets (e.g. Bottom and top 20%) (8 pts). What evidence in the table explains the South's willingness to ght the Civil War to prevent the abolishment of slavery (e.g. the freeing of slaves) (lpt)