Question

Simply observing the trend in income distribution may not give us the complete picture about inequality and poverty in the United States. We also have to look into how real median income has changed over the years to see if the size of the income pie has grown. What was the general trend for real median family income in the United States for the period 1980–2016?

Answer 1

Answer:

It rose steadily throughout the period.

Explanation:

According to a different source, the options that come with this question are:

• It fell steadily throughout the period.
• It rose steadily throughout the period.
• It rose till 2000 and then fell.
• It fell till 2000 and then rose.

Although the graph that this question describes is not included, based on research, we can conclude that the general trend for real median family income in the United States for the period 1980-2016 was that income rose steadily throughout the period. This was most likely a consequence of the changes in political regimes. This indicates that the size of the "income pie" has grown.

Answer 2

Answer:

The general trend for real median family income in the United States for the period 1980–2016 has been fluctuating over the years in review.

Explanation:

Find attached copies of the Excel contents of "The general trend for real Median Family Income in the United States for the period 1980–2016 which have been fluctuating over the years in review.

The Median Family Income in the United States for the period 1980–2016  have its lowest figure in 1982 with $49,764.00 and its highest figure in  2016 with $61,779.00.