Which of the Following Has Contributed to the Rising Income

question 19

Multiple Choice

Which of the following has contributed to the rising income inequality in the United States?

• A) The proportion of single-parent families has increased.
• B) The proportion of dual-earner families has increased.
• C) Earnings differentials between skilled and less-skilled workers have increased.
• D) all of the above

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Definitions:

1970s

The 1970s is a decade known for significant economic, political, and cultural shifts, including the energy crisis, inflation, and changes in global politics.

Economic Worry

Concern or anxiety about the current or future state of the economy, often due to factors like inflation, unemployment, or recession.

Stock Market

A marketplace where stocks (shares of ownership in businesses) are bought and sold, providing companies with access to capital and investors with a slice of ownership.

Depression

A severe and prolonged downturn in economic activity, characterized by significant decline in GDP, high unemployment, falling prices, and reduced levels of trade and investment.