One can empirically test the 80-20 rule by analyzing economic data. This process requires obtaining a reliable dataset on wealth distribution for a specific population and then calculating the percentage of total wealth held by the top 20% of that population to see how closely it aligns with the 80% figure.

Google

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).