Which of the following is a correct description of the distribution of income in the US since the 1960s?
A) The mean income has risen but the median has fallen.
B) Both the mean and the median have risen but the mean has increased more.
C) There is a noticeable negative skew in the distribution.
D) The distribution has grown less variable.

Question

Quizplus · Accepted Answer

Since the 1960s, both the mean and the median income in the US have increased but the mean has increased more. This indicates that while there has been overall economic growth, the benefits have been more concentrated towards the higher end of the income spectrum.

Which of the Following Is a Correct Description of the Distribution