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According to the textbook, the real mean income of the top 5 percent of families increased by ________ percent from 1980 to 2016?

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Final answer:

According to the textbook, from 1980 to 2020, the share of income going to the top 5% increased by 6.5 percentage points.

Step-by-step explanation:

The question refers to how the real mean income of the top 5 percent of families has changed from 1980 to 2016 according to the textbook. As mentioned in the textbook or the U.S. Census Bureau's Table 15.5, between 1980 and 2020, the share of income going to the top 5% increased by 6.5 percentage points, from 16.5% to 23.0%. It is important to note that there is a discrepancy in the dates provided by the question (1980 to 2016) and the information provided (1980 to 2020). However, based on the data given, one can interpret that the increase started in 1980 and continued through the years including up to at least 2016, forming part of the observed trend over the 40-year period referenced.

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User Jan Zich
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