Which of the Following Class Levels Contains the Least Amount

question 61

Multiple Choice

Which of the following class levels contains the least amount of racial and ethnic diversity?

• A) the upper-upper class
• B) the middle class
• C) the working class
• D) All class levels have the same amount.

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Definitions:

Catch-Up Effect

The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.

Capital

Refers to assets or resources that businesses or individuals use to generate wealth through investment.

Saving Rates

The proportion of disposable income that individuals or an economy as a whole save rather than spend on consumption.

Income Growth

An increase in the amount of money earned by individuals or households over time.