Which of the following statements about income distribution in the United States is NOT true? Over...
Which of the following statements about income distribution in the United States is NOT true?
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Over the past several decades, the rich have grown richer. |
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Over the past several decades, the middle class has grown faster than other classes. |
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Over the past several decades, the poor have remained poor. |
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The top 20 percent of earners capture over 50 percent of all income. |
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The top five percent of American earners get nearly 22 percent of the country's adjusted gross income. |
Homework Answers
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Which of the following statements about income distribution in
the United States is NOT true?
Over...
PART A In the United States, the gap between the higher-income groups and the lower-income groups,...
PART A In the United States, the gap between the higher-income groups and the lower-income groups, as a percentage of what they earn relative to the country's total earnings, has widened the past several decades. Therefore, we can conclude that: The relative gap between the richest 20% of our income earners and the poorest 20% of our income earners has narrowed. the richest 20% of our income earners has gotten poorer and the poorest 20% of our income earners has...
Census data on the income distribution among families in the United States in recent years shows...
Census data on the income distribution among families in the United States in recent years shows Select one: a. both rich and poor people's incomes growing at approx. the same rate b. the rich getting an increase in income, but the poor getting even larger increases in income c. show the "poor" gaining in income relative to the rich d. the rich getting richer while the poor get relatively poorer e. the gap between rich and poor becoming narrower
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
Indicate whether the following statements about income distribution, population and poverty are true or false. True...
Indicate whether the following statements about income distribution, population and poverty are true or false. True 1. About 2.5 billion people, or more than a third of the world's population, live on $2 or less a day. False 2. The richest 20 percent of the world's population receive more than 80 percent of the world's income. 3. The United States with around 5 percent of the world's population produces approximately 25 percent of the world's output. 4. All DVCs lack...
Huang started a small CPA firm several decades ago when he immigrated to the United States....
Huang started a small CPA firm several decades ago when he immigrated to the United States. Now, he is the managing partner of the firm, which has grown to have 40 partners and over 90 professional staff members. One of Huang’s clients is Taiwan Western Bank, located in northern California. Many of Huang’s small business clients maintain their checking accounts there. Also, Huang has always had a good working relationship with executives at that bank. Many of the bank’s loan...
Which of the following statements about medical care costs is true? In the last decade, medical...
Which of the following statements about medical care costs is true? In the last decade, medical care costs have risen more slowly than the overall rate of inflation. Medical care costs per person have risen faster than income per person. Since many medical expenses are paid for by a third party, the third-party payers have been able to force large reductions in medical expenses, compared to an out-of-pocket system. In the United States, workers are taxed on company-funded medical care...
Where Do You Live? Health Disparities Across the United States By Nancy Sayre Highly variable health...
Where Do You Live? Health Disparities Across the United States By Nancy Sayre Highly variable health care and patient outcomes occur in different regions of the U.S. According to a report from the American Cancer Society, deaths from colon cancer have declined in all but three regions of the country: eastern Virginia/North Carolina, lower Mississippi delta, and west-central Appalachia. The U.S. colon cancer death rate has declined by half over the past decades, partly due to screening, but there are...
Which of the following statements is true about trends in marriage and divorce in the United...
Which of the following statements is true about trends in marriage and divorce in the United States? One third of young adults indicated that economic reasons were a key obstacle to getting married. The most common reason people 35 and older give for not being married is that they are not ready to settle down. Rates of marriage in the U.S. have declined. The U.S. divorce rate is declining. The U.S. divorce rate is increasing, wealth includes total wealth excluding...
Whole Foods and Amazon Over the past decade, Whole Foods Market, Inc., has become an increasingly familiar part of the urban landscape. As of November 5, 2014, the company had 401 stores in the United...
Whole Foods and Amazon Over the past decade, Whole Foods Market, Inc., has become an increasingly familiar part of the urban landscape. As of November 5, 2014, the company had 401 stores in the United States, Canada, and the United Kingdom. Using financial websites such as finance.yahoo.com and money.msn.com, you can access a wealth of financial information for companies such as Whole Foods. By entering the company’s ticker symbol, WFM, you will be able to access a great deal of...
Drawing upon Griswold's arguments, discuss the validity of the following propositions and fully explain your reasoning:...
Drawing upon Griswold's arguments, discuss the validity of the following propositions and fully explain your reasoning: a) The U.S. deficit in trade of goods and services is an important indicator of declining U.S. competitiveness in the world; b) The single biggest factor explaining growing U.S. trade deficits is the unfair trade policies of China, Japan and Germany; America’s Misunderstood Trade Deficit Myth: “America Is Losing Its Competitiveness” The “competitiveness” myth has gone into remission in recent years. Since the Cuomo...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
Indicate whether the following statements about income distribution, population and poverty are true or false. True 1. About 2.5 billion people, or more than a third of the world's population, live on $2 or less a day. False 2. The richest 20 percent of the world's population receive more than 80 percent of the world's income. 3. The United States with around 5 percent of the world's population produces approximately 25 percent of the world's output. 4. All DVCs lack...
Which of the following statements is true about trends in marriage and divorce in the United States? One third of young adults indicated that economic reasons were a key obstacle to getting married. The most common reason people 35 and older give for not being married is that they are not ready to settle down. Rates of marriage in the U.S. have declined. The U.S. divorce rate is declining. The U.S. divorce rate is increasing, wealth includes total wealth excluding...
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