According to Goldin and Katz, the Increasing Income Inequality of Recent

question 166

Multiple Choice

According to Goldin and Katz, the increasing income inequality of recent decades is the result of:

• A) increases in the rates of technological advance and educational attainment.
• B) decreases in the rates of technological advance and educational attainment.
• C) a steady pace of technological advance and a slowdown in educational advance.
• D) a decrease in the rate of technological advance and an increase in the rate of educational advance.

Grasp the impact of gender and racial stereotypes on individuals and society.

Comprehend fundamental principles of evolutionary theory and its application to human reasoning.

Recognize the Turing test and its implications for artificial intelligence.

Acknowledge the role of dreams in problem-solving and creativity.

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Definitions:

Effective Annual Rate

The effective annual rate is the actual return on an investment after accounting for compounding interest over a one-year period.

Nominal Annual Rate

The interest rate stated on a loan or investment agreement, not adjusted for inflation or other factors that affect real value.

Compounded Monthly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done monthly.

Invest

The act of allocating resources, usually money, with the expectation of generating an income or profit.