Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b. No

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter15: The Distribution Of Income And Poverty
Section15.1: Some Facts About Income Distribution
Problem 2ST
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Question
overty and Income Distribution in America: How Do
We Measure Income Distribution ?
Year Lowest
Quintile | to
20%
60%
80%
Тор
5%
40%
to
to
to
40%
60%
80%
100%
1967 4.0
1970 4.1
1975 4.3
1980 4.2
1985 3.9
1990 3.8
1995 3.7
2000 3.6
2005 3.4
2010 |3.3
2013 3.2
10.8
10.8
17.3
24.2
43.6
17.2
17.4
24.5
43.3
16.6
10.4
17.0
24.7
43.6
16.5
16.5
17.6
10.2
16.8
24.7
44.1
9.8
16.2
24.4
45.6
9.6
15.9
24.0
46.6
18.5
9.1
15,2
23.3
48.7
21.0
8.9
14.8
23.0
49.8
22.1
22.2
23.0
23.4
50.4
8.6
8.5
14.6
14.6
50.3
21.3
8.4
14.4
23.0
51
22.2
O4:45/ 11:42
YouTube Q E:
CC
LJ
Is increased income inequality a natural outcome of the a capitalist system?
Select one:
a. Yes
b. No
Transcribed Image Text:overty and Income Distribution in America: How Do We Measure Income Distribution ? Year Lowest Quintile | to 20% 60% 80% Тор 5% 40% to to to 40% 60% 80% 100% 1967 4.0 1970 4.1 1975 4.3 1980 4.2 1985 3.9 1990 3.8 1995 3.7 2000 3.6 2005 3.4 2010 |3.3 2013 3.2 10.8 10.8 17.3 24.2 43.6 17.2 17.4 24.5 43.3 16.6 10.4 17.0 24.7 43.6 16.5 16.5 17.6 10.2 16.8 24.7 44.1 9.8 16.2 24.4 45.6 9.6 15.9 24.0 46.6 18.5 9.1 15,2 23.3 48.7 21.0 8.9 14.8 23.0 49.8 22.1 22.2 23.0 23.4 50.4 8.6 8.5 14.6 14.6 50.3 21.3 8.4 14.4 23.0 51 22.2 O4:45/ 11:42 YouTube Q E: CC LJ Is increased income inequality a natural outcome of the a capitalist system? Select one: a. Yes b. No
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