Which of These Statements About Economic Inequality Is True

question 23

Multiple Choice

Which of these statements about economic inequality is true?

• A)The gap between the income of Whites and the income of Blacks and Hispanics has remained unchanged since 1967.
• B)The median income of Blacks and Hispanics has remained very flat since the 1950s.
• C)Although still unequal,per capita income for Whites,Blacks,and Hispanics has been growing at the same rate since 1967.
• D)There is little data on the relative incomes of Whites and members of minority groups.

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Definitions:

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage.

Present Value

The present value of a future amount of money or a series of cash flows, discounted at a given rate of return.

Payment Streams

A series of financial transactions occurring over time, such as regular payments of interest or principal on a loan.

Capital Projects

Large-scale, long-term investments aimed at improving an organization's capacity or capabilities, often involving infrastructure, technology, or facilities.