Asked by
Jackie Burgin
on Oct 26, 2024Verified
In the United States since World War II,the distribution of income has:
A) become more nearly equal.
B) become more unequal.
C) stayed about the same.
D) changed first toward equality and then,after 1968,toward greater inequality.
Income Distribution
The way in which total income is shared among the owners of different factors of production and across various participants in the economy.
World War II
A global conflict that occurred from 1939 to 1945, involving most of the world's nations and resulting in significant political, social, and economic changes.
- Understand the concept of income inequality and factors contributing to its increase or decrease.
Verified Answer
QN
Learning Objectives
- Understand the concept of income inequality and factors contributing to its increase or decrease.