All of the Following Statements About the Income Distribution in the United

question 20

Multiple Choice

All of the following statements about the income distribution in the United States are correct except

• A) sixty years ago, most families were just over a subsistence level.
• B) by the 1970s, real income in the U.S. had risen.
• C) during the 1960s the growth in income slowed due to inflation.
• D) since 2000, median income has declined.
• E) real income growth has slowed.

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Definitions:

Accrued Liabilities

Liabilities that have been incurred, but have not yet been paid or recorded through a standard accounting transaction.

Financing Activities

Transactions and events where a business raises funds to finance its operations and expansions, often through borrowing or issuing equity.

Net Cash Provided

The amount of money generated and available from a company's operating activities after all cash expenses have been paid.

Cash Dividends

Payments made by a corporation to its shareholder members, distributing earnings in the form of cash.