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Answer the Following Question in Three to Five Sentences

question 44

Essay

Answer the following question in three to five sentences.How has the distribution of income in the United States changed over the past thirty years? Apply one of the stratification theories discussed in the chapter to explain the reason for this change.


Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the business cycle, whichever is longer.

Current Assets

Short-term assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Operating Cycle

The average period of time between the purchase of goods or services and the receipt of cash from sales, typical in the context of a company's day-to-day operations.

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