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; This is because in this sentence unequal growth of income has been referred to which clearly depicts inequality of income

B) Wealth inequality; The sentence is referring to wealth which measures the value of all the assets of worth owned by a person or a community..

C) socio economic distribution of income; it is saying about the income earned by males and females

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