Asked by Harley Moore on May 02, 2024
Verified
Between 1979 and 2006,what happened to the share of the country's income earned by the richest 1 percent of U.S.households?
A) It shrank dramatically.
B) It more than doubled.
C) It has been fluctuating.
D) It has remained unchanged.
Richest 1 Percent
Refers to the top 1% of individuals in terms of wealth, typically holding a disproportionate amount of a country's total wealth.
Country's Income
The total monetary earnings of a nation, typically measured through metrics such as Gross Domestic Product (GDP), which indicate the economic performance and wealth of a country.
Share
To have a portion of something or use something jointly with others.
- Understand the impacts of wealth disparity and financial stressors across different societal levels.
Verified Answer
Learning Objectives
- Understand the impacts of wealth disparity and financial stressors across different societal levels.
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