Demographic Changes Include Variations in Income Distribution

question 5

Multiple Choice

Demographic changes include variations in income distribution. Which of the following statements is true?

• A) Firms are most interested in the consumers comprising the top ten percent of the household income.
• B) Consumers' real income has been increasing steadily since 1976.
• C) The general loss in real income has been somewhat offset by the increase in dual-career couples.
• D) Workforce diversity is making the concept of average income obsolete.

---

Definitions:

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa.

Causal Relationship

A connection between two events where one directly results in the occurrence of the other, often determined through correlation and experimentation.

Statistically Significant

A term used to describe a result that is not likely to occur randomly, but rather is likely to be attributable to a specific cause.

Statistically Accurate

Describes data or results that are precise and reliable according to statistical analysis and principles.