The Growth Rate of Aggregate Hours in the United States

question 149

Multiple Choice

The growth rate of aggregate hours in the United States is

• A)slowing because the working-age population is growing more slowly.
• B)slowing because people are working fewer hours.
• C)slowing because the working-age population is growing more rapidly.
• D)increasing because people are working more hours.
• E)increasing because the working-age population is growing more rapidly.

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Definitions:

Greater Inequality

A situation characterized by a wider disparity in income, wealth, opportunities, and other socioeconomic indicators among individuals or groups within a society.

Gini Ratios

Measures of income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality).

Income Inequality

The uneven distribution of income within a population, where earnings are not equally distributed among individuals or groups.

Progressive Income Tax

A tax system where the tax rate increases as the taxable income of the taxpayer increases, aiming at a more equitable distribution of wealth.