Identify what each of the following statements refers to: socioeconomic distribu

Question

Identify what each of the following statements refers to: socioeconomic distribution of income; wealth inequality; or income inequality. Explain your answer in a sentence.

A) “Between 1979-2007 in California, incomes of the top 1% of the population have increased by 191.3% while incomes of the bottom 99% of the population have increased by 13.2%.”

B) “In 2013, average family retirement savings was close to $150,000 for white households and around $15,000 for African American and Hispanic households.”

C) “Female CEO's make less than their male counterparts.”

Explanation / Answer

A) Income inequality because income of rich population increases by greater proportion as compared to middle and lower income population.

B) Wealth inequality because wealth of white households in the form of savings are greater than savings of African American and Hispanic households.

C) Income inequality because earning of female is less as compared to male for the same position.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.