In Roughly the Last Three Decades, the Traditional Measures of Income

question 18

Multiple Choice

In roughly the last three decades, the traditional measures of income inequality (such as the Gini coefficient) have shown that the degree of inequality in the United States has __________. However, if it were the case over that time period that the prices of goods primarily consumed by high-income individuals have increased more rapidly than the prices of goods primarily consumed by low-income individuals, then "real income"
Inequality in the United States over that same time period would likely have been _________ than suggested by the traditional measures.

• A) decreased; decreased to a lesser extent
• B) decreased; decreased to an even greater extent
• C) increased; increased to a lesser extent
• D) increased; increased to an even greater extent

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Definitions:

Subjective Probability

An individual's personal judgment or belief about how likely an event is to occur, not based on statistical data.

Pre-Registered Attendees

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Shoes For Crews

A footwear company specializing in slip-resistant shoes designed for workplace safety in environments where spills and wet floors are common.

Slips And Falls

Slips And Falls describe accidents where individuals lose their footing or balance, resulting in a fall that can lead to injuries, commonly occurring in both public and workplaces.