Between 1979 and 2006,what Happened to the Share of the Country's

question 17

Multiple Choice

Between 1979 and 2006,what happened to the share of the country's income earned by the richest 1 percent of U.S.households?

• A)It shrank dramatically.
• B)It more than doubled.
• C)It has been fluctuating.
• D)It has remained unchanged.

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Definitions:

Equivalent Interest

An interest rate or yield that makes two financial instruments with different payment structures equally valuable.

Nearest 0.01%

A method of rounding numbers to the closest hundredth of a percent.

Coffee Fund

Informally refers to a pool of money collected for buying coffee or sometimes used as a casual fund for small group expenses.

Allocated

Distributed or assigned for a specific purpose or to a particular person.