Which of the Following Statements Is True of Incomes in the United

question 84

Multiple Choice

Which of the following statements is true of incomes in the United States?

• A)The real median household income has fallen since 2009.
• B)The median household income is the same across different states.
• C)Demographics determine a person's earning potential.
• D)A degree holder earns same wages as a nondegree holder.

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Definitions:

Discouraged Workers

Discouraged Workers are individuals who are not actively seeking employment due to believing no jobs are available for them or there are other barriers to employment.

Unemployment Statistics

The data and analysis regarding the percentage of the labor force that is jobless and actively seeking employment.

Frictional Unemployment

A form of unemployment that occurs when people are between jobs or within the workforce for a short period, often due to transitions or searching for a job that better matches their skills.

Structural Unemployment

A form of unemployment caused by a mismatch between the skills held by the unemployed population and the skills demanded by the prevailing job market.