public_ps3_fall07 - PAM 204- Problem Set #3 Read this...

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PAM 204- Problem Set #3 Read this article: www.pkarchive.org/economy/ForRicher.html It is from “The Unofficial Paul Krugman Web Page.” This PS is out of 15 points. #1-20 are worth ½ a point each. #21-23 are worth 5 points total. #1) Over the past 30 years, the average annual salary in the US has risen by about _____. A. 10% B. 15% #2) Over the past 30 years, the average real annual compensation of the top 100 CEO’s has increased by what percent? #3) The CBO found that between 1979 and 1997, the after-tax incomes of the top 1 percent of families rose by _____ A. 10% B. 157% #4) Over the past 30 years, most of the gains from the increase in the share of national income going to the top 10% of taxpayers went to _____ . A. taxpayers between the 90 th and 99 th percentile of the income distribution B. taxpayers above the 99 th percentile of the income distribution #5) Over the past 30 years, about ______ percent of the gains from the increase in the share of national income going to the top 1% of taxpayers went to taxpayers above the 99.9
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public_ps3_fall07 - PAM 204- Problem Set #3 Read this...

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