Question 11.13

3. The accompanying table presents data from the U.S. Census Bureau on median and mean income of male workers for the years 1972 and 2012. The income figures are adjusted to eliminate the effect of inflation.

Median income Mean income
Year (in 2012 dollars)
1972 $36,547 $42,383
2012 33,904 49,915

Data from: U.S. Census Bureau.

  1. By what percentage has median income changed over this period? By what percentage has mean income changed over this period?

  2. Between 1972 and 2012, has the income distribution become less or more unequal? Explain.