With Respect to Regional Variations in Family Income,which Statement Best

question 12

Multiple Choice

With respect to regional variations in family income,which statement best describes Alberta?

• A) In Alberta,the high median family income implies a low level of income inequality.
• B) Alberta has a high median family income and shrinking levels of inequality.
• C) In Alberta,the increase in income inequality since 2011 is attributable to the increasing wealth of the bottom 25% of the population.
• D) Compared to New Brunswick,Alberta has more social inequality but a much higher median family income.

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Definitions:

Retail Price

The total cost that consumers pay for a product in retail stores, including markups by retailers.

Wholesale Cost

The price charged by manufacturers or distributors to retailers for products, typically lower than the retail price.

Basic Price Per Meal

The standard cost before any discounts or additional fees, for a single meal offering.

Discounted

The reduction applied to the original price of a product or service.