Which of the following correctly summarizes an economic trend in recent U.S. history?
(1 point)
Responses
People with lower incomes have gained a larger share of wealth.
People with lower incomes have gained a larger share of wealth.
There has been little change in the distribution of wealth.
There has been little change in the distribution of wealth.
People with higher incomes have gained a larger share of wealth.
People with higher incomes have gained a larger share of wealth.
Americans of all income levels have experienced declining incomes
People with higher incomes have gained a larger share of wealth.
The correct answer is: People with higher incomes have gained a larger share of wealth.
The correct answer is: People with higher incomes have gained a larger share of wealth.
To arrive at this answer, we need to understand the economic trend in recent U.S. history. One way to determine this trend is by looking at the distribution of wealth. The distribution of wealth refers to how wealth is spread among different income levels in society.
In this case, we are looking for the trend that describes what has happened to the distribution of wealth in recent U.S. history. By examining the answer options, we can see that there are three different possibilities presented: people with lower incomes have gained a larger share of wealth, there has been little change in the distribution of wealth, and people with higher incomes have gained a larger share of wealth.
To determine which statement accurately summarizes the economic trend, we need to consider relevant data and statistics. One commonly used indicator to track the distribution of wealth is the Gini coefficient, which measures income inequality. By examining data and studies that analyze the Gini coefficient and other related indicators, we can find evidence of the economic trend.
For instance, studies have shown that in recent decades, there has been an increase in income inequality in the United States, with the wealthy gaining a larger share of wealth. This can be seen through various factors such as the rising income of the top 1% and the stagnating incomes of the middle and lower income groups.
Based on this information, we can conclude that people with higher incomes have gained a larger share of wealth in recent U.S. history. Therefore, the correct option is: People with higher incomes have gained a larger share of wealth.