Asked by
Daniel Martinez
on Nov 29, 2024Verified
Which statement is true?
A) Income is fairly evenly distributed in the U.S.
B) The richest 1% of our population has nearly 50% of the income.
C) The percentage of Americans below the poverty line has been falling steadily (except for recession) since the 1950s.
D) Eleven percent of the children under six living in a two parent home are poor.
Income Distribution
The manner in which a nation's total earnings are divided among its population, affecting wealth equality or disparity.
Poverty Line
The poverty line is a threshold that defines the minimum level of income deemed necessary to achieve an adequate standard of living in a given country.
Richest 1%
The segment of the population that holds a disproportionately large amount of wealth compared to other sectors, often used in discussions on income disparity.
- Ascertain the impact of employment bias and schooling on income disparity.
- Comprehend the allocation of property income across various income groups.
Verified Answer
MM
Learning Objectives
- Ascertain the impact of employment bias and schooling on income disparity.
- Comprehend the allocation of property income across various income groups.