Asked by Ashley Dias-Stiefel on May 26, 2024
Verified
Which of the following would be evidence of an increase in income inequality over time in the United States?
A) an increase in the percentage of total household income received by the lowest quintile
B) an increase in the percentage of total household income received by the highest quintile
C) an increase in the percentage of total household income received by the four lowest quintiles
D) a decrease in the percentage of total household income received by the highest quintile
Household Income
The combined gross income of all members of a household, defined as a group of individuals living together and sharing expenses.
Income Inequality
The unequal distribution of income among individuals or groups within a society or between countries.
- Elucidate the precursors and corroborations of income disparity in the United States.
Verified Answer
MS
MUHAMMAD SHEHARYAR PERVAIZMay 29, 2024
Final Answer :
B
Explanation :
An increase in the percentage of total household income received by the highest quintile indicates that a larger share of the total income is being concentrated in the hands of the wealthiest individuals, which is a clear sign of growing income inequality.
Learning Objectives
- Elucidate the precursors and corroborations of income disparity in the United States.