Use the Following to Answer Question(s): Income Distribution in the United

question 127

Multiple Choice

Use the following to answer question(s) : Income Distribution in the United States

-A factor that has been associated with the increase in income inequality in the United States is the:

• A) increase in households headed by single women.
• B) reduction in the percentage of the population over the age of 65.
• C) smaller gap between the wages of skilled and unskilled workers.
• D) slowdown in technological change.

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Definitions:

Machine Intensive

A production process that heavily relies on machinery and equipment rather than manual labor for manufacturing goods or services.

Predetermined Overhead Rates

Rates used to apply manufacturing overhead to products that are calculated in advance based on estimated costs and activity levels.

Ending Inventory

is the total value of goods available for sale at the end of an accounting period, after accounting for sales and additions during the period.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and stockholders' equity at a specific point in time.