Asked by Andrew Rainey on May 16, 2024
Verified
What has happened to the gap between the rich and the poor since 1960?
A) it has disappeared
B) it has decreased
C) it has stayed the same
D) it has increased
Gap Between the Rich
Refers to the widening economic disparity between those with the most wealth and those with the least within a society or globally.
Poor
Lacking in material possessions or financial wealth, often leading to difficulty in achieving a standard of living considered comfortable or normal in a society.
Since 1960
Referencing a period beginning in the year 1960 to the present or a specified end point, often used to indicate the duration of a particular trend or changes over time.
- Comprehend the significance of income disparity and poverty indices as measures of worldwide economic circumstances.
Verified Answer
DK
Dheeraj KumarMay 23, 2024
Final Answer :
D
Explanation :
The gap between the rich and the poor has significantly increased since 1960. This is due to factors such as globalization, technological advancements, and changes in labor markets, which have disproportionately benefited those with higher skills and education levels. Additionally, policies and tax structures have also contributed to widening income inequality.
Learning Objectives
- Comprehend the significance of income disparity and poverty indices as measures of worldwide economic circumstances.