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.