Since the 1970s, the Share of Income in the Top

question 145

Multiple Choice

Since the 1970s, the share of income in the top fifth of households

• A)has steadily increased.
• B)has steadily decreased.
• C)has remained relatively constant.
• D)dipped in the 1980s but increased since.

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Definitions:

Minimum Required Rate

The lowest acceptable rate of return on an investment, set by the investor.

Throughput Time

The total amount of time it takes for a product to move through the entire production process, from start to finish.

Manufacturing Cycle Efficiency

A measure of the effectiveness of a production process, calculated as the productive manufacturing time divided by the total cycle time.

Non-Value-Added

Activities or processes that consume resources but do not add to the product's value or the customer's experience.