Which of the Following Statements About U

question 123

Multiple Choice

Which of the following statements about U.S. consumer households is true?

• A) Married couples with no children 18 or younger account for half of all U.S. households.
• B) The typical American household is a married couple living in the suburbs with two children.
• C) The number of families living "on the farm" has dropped to an all time low of 15 percent.
• D) About two thirds of all adults are now single.
• E) None of the above is true.

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Definitions:

Income Inequality

The unequal distribution of income within a population, often leading to social and economic disparities.

Labor Force

The total number of people who are employed and unemployed but seeking work, representing the available labor supply in an economy.

Income Inequality

The unequal distribution of income and wealth among individuals or groups within a society.

Consumption Patterns

The tendencies or habits of consumers in acquiring and using goods and services over time.