Asked by
Matthew christy
on Dec 20, 2024Verified
How did the distribution of income change in the United States during the 1920s?
A) The income of the wealthiest 1% doubled.
B) The income of the bottom third rose 60%.
C) The income of the upper 50% stagnated.
D) The income of the lower 50% stagnated.
Distribution of Income
The way in which a nation’s total earnings are divided among its population, affecting economic inequality and standard of living.
Wealthiest 1%
Refers to the segment of the population that holds a disproportionate share of the wealth, often highlighted in discussions of income and wealth inequality.
- Scrutinize the economic tendencies and upheavals that marked the end of the 1920s.
Verified Answer
JM
Learning Objectives
- Scrutinize the economic tendencies and upheavals that marked the end of the 1920s.
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