The USDistribution of Income Was More Unequal in 1990 and 1980

question 152

True/False

The U.S.distribution of income was more unequal in 1990 and 1980 than in 1970.

---

Definitions:

Output

The overall production of merchandise or services by a corporation, field, or the economic environment.

Quantity

The amount or number of a material or immaterial entity that is considered separately.

Subsidy

A financial contribution granted by a government or organization to support a business, industry, or activity, making it more affordable or viable.

Market Equilibrium

A state in the market where the quantity demanded by consumers equals the quantity supplied by producers, leading to a stable price for a good or service.