Which of the Following Statements About the Distribution of Income

question 23

Multiple Choice

Which of the following statements about the distribution of income in the United States is true?

• A)Since 1968, the distribution of income has become more unequal.
• B)Since 1968, the share of income going to the richest families has decreased.
• C)Since 1968, the share of income going to the poorest families has risen.
• D)The degree of inequality in the distribution of income remained stable between 1968 and 1997.

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Definitions:

Investing Activities

Transactions related to the acquisition or disposal of long-term assets and other investments not classified as cash equivalents.

Financing Activity

Refers to transactions and events that affect long-term liabilities and equity of a company, including securing loans and issuing shares.

Investing Activity

Financial actions related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Mortgage Payable

A long-term liability representing the amount owed on a property mortgage, which is to be paid back over a period.