When Considering the U

question 15

Multiple Choice

When considering the U.S.income distribution which of the following is correct?

• A)Since the 1960s the lowest earning quintile of the U.S.income distribution has earned a smaller share of the nation's income.
• B)The highest earning quintile of the U.S.income distribution earned a smaller share of the nation's income in 1969 than in 2009.
• C)The highest earning quintile of the income distribution earned a larger share of the nation's income in 1969 than in 2009.
• D)The highest earning quintile of the U.S.income distribution earned a larger share of the nation's income in 1969 than in 2009.

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Definitions:

T-bill

A short-term government security with maturity periods ranging from a few days to 52 weeks.

Prevailing Yield

The current return rate on an investment, typically referring to bonds or other fixed-income securities.

Simple Interest

Interest calculated only on the principal amount, or the initial sum of money invested or borrowed, without compounding.

Convert Communicator

This term refers to an individual who adopts new beliefs or practices and then acts to persuade others to adopt these new beliefs or practices as well.