According to the Text, Which of the Following Is True

question 19

Multiple Choice

According to the text, which of the following is true regarding the gender gap in average income?

• A) the gap has grown wider every year since the 1950s
• B) the gap has grown smaller every year since the 1950s
• C) the gap shrank to about 79% in 2012
• D) the gap shrank to about 98% in 2012: a gender gap in income no longer exists

---

Definitions:

Quantity Sold

The total number of units of a product or service purchased by customers over a specified period.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization.

Consumer Surplus

The imbalance between the total budget consumers are willing to allocate for a product or service and the actual spending.

Consumer Surplus

The separation between the ideal amount consumers are willing to spend on a service or product and their real expenditures.