The Riches Created by the Growing Slave Population in the American

question 10

Multiple Choice

The riches created by the growing slave population in the American South

• A) were distributed evenly among whites.
• B) helped to narrow the gap between rich and poor.
• C) created a serious problem with inflation.
• D) were not distributed evenly among whites.
• E) enabled poor whites to escape tenant farming.

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Definitions:

Disposable Income

Funds households have for saving and spending following the deduction of income taxes.

Disposable Income

Disposable income for households after accounting for income taxes, meant for spending and saving.

Marginal Propensity

The ratio of change in an economic variable, such as consumption or saving, to a change in another variable, like income.

Disposable Income

The net income available to individuals or households after taxes have been deducted, available for spending, saving, or investing.