Question

After a study about the income bracket in the US, you found the household real income...

After a study about the income bracket in the US, you found the household real income of middle class, e.g. $50,000 to $99,000 has been decreasing in the percentage of total population in the past 20 years. But the share of high-income ($100,000 and above) has increasing over time. How this change would affect the US Gini coefficient? Please present details of your answer.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Since there is an increase in income share of rich people and decrease in share of median or lower income earner which means richer are becoming more richer and poorer are becoming more poorer.

There has been an increasing inequality which means Ginni coefficient of inequality is increasing

Add a comment
Know the answer?
Add Answer to:
After a study about the income bracket in the US, you found the household real income...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Read the brief Communication Current about Nonverbal Immediacy in the Online classroom then in a half...

    Read the brief Communication Current about Nonverbal Immediacy in the Online classroom then in a half page to one page summary include: a. Write a short summary of the main points of the article. b. Discuss how the research topic relates to at least two concepts you have studied in class. Instructor’s Corner: Nonverbal Immediacy Behaviors and Online Student Engagement DECEMBER 1, 2016 Digital Communication & Gaming, Nonverbal Communication, Visual Communication In 2016, Sloan Consortium reported that 5.8 million students...

  • How do the national income accounts change if social security payments increase? A) Consumption falls. B)...

    How do the national income accounts change if social security payments increase? A) Consumption falls. B) Consumption rises. C) Savings rise. D) This change is not captured in the national income accounts. How do the national income accounts change if unemployment benefits paid to people increase? A) Consumption falls. B) Consumption rises. C) Savings rise. D) This change is not captured in the national income accounts. How do the national income accounts change if national defense spending increases? A) Government...

  • Read through the case study and answer the following questions: Using appropriate concepts and theories from...

    Read through the case study and answer the following questions: Using appropriate concepts and theories from Block 2, Session 2, identify and discuss three main threats and three main opportunities that should be considered by Yum! in expanding its global reach within emerging markets such as China. (25 marks) Twelve marks will be awarded on the basis of the appropriateness of the three main threats and three main opportunities that you have identified (two marks each); there are no standard...

  • Hi, i just need the highlighted ones. Thank you! CHAPTER 1 Understanding Personal Finance 33 LET'S...

    Hi, i just need the highlighted ones. Thank you! CHAPTER 1 Understanding Personal Finance 33 LET'S TALK ABOUT IT 1. Economic Growth. What tpes of federal government Federal Reserve. Describe some economic circumstances that might persuade the Federal Reserve to lower short-term inter- ctfoets to help stimulate economic growth affect 2 The Business Cycle. Where is the United States in the economic cycle now, and where does it seem to be heading? List some indicators that suggest in which direction...

  • Please help me answer theses practice questions QUESTION 2 Which of the following can a country...

    Please help me answer theses practice questions QUESTION 2 Which of the following can a country implement to protect local industries (e.g. bicycles) according to the video on the deceptive promise of free trade? Border walls local training programs to strengthen local industries protectionist policies such as tarrifs creating a high minimum wage locally governments can't do anything QUESTION 3 Which of the following European countries has a trade surpluse with the US as well as most other European countries...

  • Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when pe...

    Case study Company Case Campbell Soup Company: Watching What You Eat You might think that a well-known, veteran consumer products company like the Campbell Soup Company has it made. After all, when people think of soup, they think of Campbell’s. In the $5 billion U.S. soup market, Campbell dominates with a 44 percent share. Selling products under such an iconic brand name should be a snap. But if you ask Denise Morrison, CEO of Campbell, she’ll tell you a different...

  • Read the attached article. Do you feel one style of banking control is more stable than...

    Read the attached article. Do you feel one style of banking control is more stable than the other? Why? Does one banking method minimize market volatility and risk better or is it just packaged differently? Do you feel the US (Western) Banking system can better control the patterns of behavior going forward that have caused economic damage in the past? Should the Fed continue its stimulus policy, reduce it or abandon it entirely (Google some recent articles to research this)?  (Please...

  • ANALYSIS OF THE FINANCIAL STATEMENTS OF A PUBLICLY This Comprehensive Problem is to acquaint you with...

    ANALYSIS OF THE FINANCIAL STATEMENTS OF A PUBLICLY This Comprehensive Problem is to acquaint you with the content of the 2015 financial state ments of Home Depot, Inc., reproduced in Appendix A of this textbook. (The 2015 financial statements are for the fiscal year ended January 31, 2016.) The problem contains three major parts, which are independent of one another: Part / is designed to familiarize you with the general contents of a company's financial statements: Part Il involves analysis...

  • Description In three units of study, there will be application-focused cases due at the beginning of...

    Description In three units of study, there will be application-focused cases due at the beginning of the class that will be provided by the instructor. These cases will be complex in nature and will require the application of course concepts to real-word business situations. Each case will have an associated rubric to highlight expectations. All submissions must be of professional quality and done in Microsoft Word, Microsoft Excel, or submitted as a PDF. Case: Investment Proposals for Ontario Coffee Home...

  • Hello! Could you please write a 6 paragraph summary (5-6 sentences each paragraph) of the below?...

    Hello! Could you please write a 6 paragraph summary (5-6 sentences each paragraph) of the below? In the overview, if you could please describe the information in detail. Please have completed in 6 days if possible. Thank you! In 50 Words Or LesS .6TOC combines lean Six Sigma (LSS) and the theory of constraints (TOC) for bottom-line benefits . The method's metrics pyramids and communi- cations allow organiza- tions to retain gains and monitor benefits. · 6TOC goes beyond fac-...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT