What Does It Mean for the U

question 13

Multiple Choice

What does it mean for the U.S. economy to have a positively skewed wage distribution?

• A) Most workers earn below the average wage.
• B) A large proportion of workers earn very high wages.
• C) The average wage equals the median wage.
• D) The distribution of wages is symmetric around the mean.
• E) The mean wage equals the median wage.

---

Definitions:

Elderly Americans

Individuals living in the United States who are considered to be of old age, typically 65 years and older, with specific social, economic, and healthcare needs.

Assisted-Living Facility

A residential option for seniors who require assistance with daily activities but do not need the full-time healthcare services provided in a nursing home.

Aging in Place

The ability to live in one's own home and community safely, independently, and comfortably, regardless of age, income, or ability level.

Old-Age Benefits

Financial support or services provided to individuals when they reach retirement age, often through government or private pension schemes.