The Richest 1% of the Population

question 14

Multiple Choice

The richest 1% of the population:

• A) owns almost all the stocks and bonds that are privately held
• B) has a much greater rate of drug addiction than other classes
• C) is wealthier than the bottom 90% of the population
• D) is not as wealthy as it used to be
• E) comprises a smaller number of people than in the past

---

Definitions:

Rent

A regular payment made by a tenant to an owner for the use of property or land.

Year 1

Often refers to the first year in a specific context, such as the initial period of a business, investment, or study.

Merchandise Inventory

Refers to products that a company holds in stock with the intention of selling them to customers. It is a current asset on the balance sheet.

Cost of Goods Sold

The direct costs attributable to the production or purchase of the goods sold by a company during a given period.