Latin America, 1945-Present Form AB Chapter 22
In 1970, the share of national income received by the richest 1 percent was roughly half the share received by the poorest 80 percent.
In 1970, the division of national income between the top 20 percent and the remaining 80 percent was roughly two-thirds to one-third.
Between 1960 and 1970, the share of national income received by the top 1 percent increased by about half.
All of the statements are true.