What do the charts tell us about the distribution of income in the U.S.? V FIGURE 1.1Measuring Economic EqualityEconomic inequality can be measured using the Gini coefficient, which measures the distribution of wealth across apopulation.States with the Highest Levels of Income InequalityLowestHighest# 32#30#31VT - #42 #35#28# 38-NH - #47#40#41-MA - #6#42#1#48#24RI - #17`CT - #2NJ - #12DE - #39#44#21#45#34# 10 #37 #25#27#22#49#29#4#33#26MD-#36#16#15#11#20#23# 14#18#19#9 |#13 #7#8#3!#5#50#46Source: Chris Kolma, "States with the Highest Levels of Income Inequality," Zippia, hitps:/www.zippia.com/advice/states-highest-lovwest-income-inequality/. AVERAGE INCOME PER FAMILYDistributed by income groupтоP О.01%$23,846,950Top o.01%Top o.01-0.1%Тоp 1%Тор 1-10%24тоP О.01-0.1%$2,802,020Bottom g0%2.тоP 1%$1,019,089тOP 1-10%$161,139воттом 90%$29,8402010 data. Includes capital gains. Source: Emmanuel Saez, University of California-Berkeley

Italian statistician Corrado Ginni is the one who invents the tool Gini Coefficient. It is an…

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What do the charts tell us about the distribution of income in the U.S.?

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Income Distribution, Poverty, And Discrimination

Section: Chapter Questions

Problem 1SQP

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Question

What do the charts tell us about the distribution of income in the U.S.?

V FIGURE 1.1
Measuring Economic Equality
Economic inequality can be measured using the Gini coefficient, which measures the distribution of wealth across a
population.
States with the Highest Levels of Income Inequality
Lowest
Highest
# 32
#30
#31
VT - #42 #35
#28
# 38
-NH - #47
#40
#41
-MA - #6
#42
#1
#48
#24
RI - #17
`CT - #2
NJ - #12
DE - #39
#44
#21
#45
#34
# 10 #37 #25
#27
#22
#49
#29
#4
#33
#26
MD-#36
#16
#15
#11
#20
#23
# 14
#18
#19
#9 |#13 #7
#8
#3!
#5
#50
#46
Source: Chris Kolma, "States with the Highest Levels of Income Inequality," Zippia, hitps:/www.zippia.com/advice/states-highest-lovwest-income-inequality/.

AVERAGE INCOME PER FAMILY
Distributed by income group
тоP О.01%
$23,846,950
Top o.01%
Top o.01-0.1%
Тоp 1%
Тор 1-10%
24
тоP О.01-0.1%
$2,802,020
Bottom g0%
2.
тоP 1%
$1,019,089
тOP 1-10%
$161,139
воттом 90%
$29,840
2010 data. Includes capital gains. Source: Emmanuel Saez, University of California-Berkeley

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