In 2015, the Total Income of All U

question 137

True/False

In 2015, the total income of all U.S. residents was approximately $16 trillion.

---

Definitions:

Castes

A system of social stratification characterized by hereditary status, endogamy, and social barriers sanctioned by customs, law, or religion.

Society

denotes a group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.

High-tech Industry

A sector of the economy focused on the development, production, and sale of advanced technological products and services, including electronics, software, and biotechnology.

Social Stratification

A system by which a society ranks categories of people in a hierarchy based on factors like wealth, income, race, education, and power, leading to unequal access to resources and opportunities.