Changes in the Lorenz Curve Since 1929 in the United

question 215

Multiple Choice

Changes in the Lorenz curve since 1929 in the United States indicate that

• A) the distribution of income today is identical to what it was in 1929.
• B) the distribution of income is slightly less equal today than in 1929.
• C) the distribution of income is slightly more equal today than in 1929.
• D) the distribution of income is much more equal today than it was in 1929.

---

Definitions:

Social Mobility

The ability of individuals or families to move within or between social strata in a society, impacting their economic and social position.

Pecking Order

A hierarchy of status seen among members of a group of people or animals, often dictated by power, rank, or social standing.

Social Class Concept

A categorization of individuals and groups based on various factors including wealth, occupation, and education, reflecting their position within a societal hierarchy.

Achieved Status

A social position that a person earns or chooses, reflecting personal skills, abilities, and efforts.