Which of the Following Is True of the Top 1

question 216

Multiple Choice

Which of the following is true of the top 1 percent of the U.S. population?

• A) They became much richer during the early twentieth century.
• B) They became much richer during the early twenty-first century.
• C) They own almost 90 percent of our nation's wealth.
• D) They own a decreasing fraction of our nation's wealth.

---

Definitions:

Housing

Refers to residential structures that provide shelter or accommodation, including apartments, houses, and other types of living spaces.

Injustice

The situation or practice where fairness and rights are not upheld, often leading to unequal treatment or discrimination.

Positive Economic Statement

An objective statement based on facts that can be tested and validated.

Normative Economic Statement

A perspective or opinion in economics that reflects viewpoints on how the economy should work, as opposed to how it actually works.