The Earnings Gap Between the Top 5% of Earners and the Bottom

question 34

Multiple Choice

The earnings gap between the top 5% of earners and the bottom 20%, as measured by the U.S. Census Bureau, is now

• A) the greatest since 1947.
• B) equal to the gap during the Great Depression.
• C) the smallest in the history of the nation.
• D) greater than in the 1950s but smaller than the 1990s.

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Definitions:

Letter Grade

A system of evaluating academic performance using letters, such as A, B, C, D, and F, with A being the highest and F being failing.

Grade Point Value

A numerical value assigned to a grade that measures academic achievement, often used in calculating a student's grade point average (GPA).

Unit Selling Price

The price at which a single unit of a product is sold to consumers.

Compensation

Payment or reward given for services or to cover losses or damages, often relating to employment.