Economics: The Basics 1st Edition by Mike Mandel

Exercise 6

Look at Figure 17.1, on page 370, which gives some basic information about the income distribution in 2006.
a) What percentage of households received between $100,000 and $150,000 in income in 2006?
b) What percentage of total income did this group get?
c) What percentage of households received between $0 and $100,000 in income in 2006? (Hint: You can add the percentages of different categories.)d) Look at the households with incomes over $250,000. What percentage of total income did this group get?
Reference Figure 17.1