Which of the Following Is True About the Growing Level

question 33

Multiple Choice

Which of the following is true about the growing level of economic inequality in the United States?

• A) The middle and working classes have been gaining greater shares of the economic pie
• B) The economic pie has been getting bigger
• C) The rich have been getting richer and the poor poorer
• D) There was an increase in the number of manufacturing jobs

---

Definitions:

Structural Unemployment Rate

The long-term and chronic unemployment that exists even when the economy is at its productive best, often due to mismatches between skills and job requirements.

Overall Unemployment Rate

A percentage that represents the portion of the labor force that is not currently employed but is actively seeking employment.

Unemployment Rate

The fraction of job-seeking individuals within the labor force who are currently unemployed.

Labor Force

The total number of people, including both the employed and unemployed, who are actively seeking work.