In the 1990s and Early 2000s, the Gap Between the Wages

question 94

True/False

In the 1990s and early 2000s, the gap between the wages of skilled workers and unskilled workers in the United States decreased.

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Definitions:

Rates of Return

The gains or losses on an investment over a specified period, expressed as a percentage of the investment's cost.

Normal Distribution

A bell-shaped frequency distribution curve that is symmetrical about the mean, showing how data points, like stock returns, are dispersed or spread out.

Standard Deviation

Standard deviation is a statistical measure of the dispersion or variance in a dataset, commonly used to assess volatility in finance.

Mean

A statistical measure that represents the average value of a set of numbers.