Data on the U.S. Income Distribution Suggests That:​

question 27

Multiple Choice

Data on the U.S. income distribution suggests that:​

• A)African-American-white earnings gap has reduced substantially and has almost merged.
• B)African-American -white income differentials have increased.
• C)the distribution of income among African-American is more uneven than the overall distribution of income.
• D)the distribution of income among African-American is less uneven than the overall distribution of income.
• E)the distribution of income among African-American follows approximately the same pattern as the overall distribution of income.

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Definitions:

Net Income

is the total profit or loss of a company after all revenues, expenses, taxes, and dividends are accounted for, over a specific period.

Forward Exchange Contract

A financial agreement to exchange a specific amount of one currency for another at a predetermined future date and rate, used to hedge against currency risk.

Swiss Francs (CHF)

The official currency of Switzerland, known for its stability and being a safe-haven currency.

Spot Rate

The current market price at which a currency can be bought or sold for immediate delivery.