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n the table below you will see the shares of income receive.pdf

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n the table below, you will see the shares of income received by 20% of US households (similar to our discussion in class): Based on the table, what is the cumulative share of income received by the bottom 60% of households? a.2.9 b. 8 c.24.8 d.47.4 Households Share of household income Bottom 20% of households 2.9% Second 20% of households 8% Middle 20% of households 13.9% Next 20% of households 22.6% Highest 20% of households 52.7%

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