Answer to Question #192634 in Macroeconomics for Jess

Question

In an economy, over the last decade, each of the top five decile groups has experienced a fall in their share of total income. In contrast, the bottom five decile groups have experienced a substantial increase in their share of total income.

It can be concluded that, over this period, the distribution of income is most likely to have become

A more equal

B more equal but less equitable

C more equitable

D more equitable but less equal

Answer 1

D. more equitable but less equal