Asked by Harley Moore on May 02, 2024

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Between 1979 and 2006,what happened to the share of the country's income earned by the richest 1 percent of U.S.households?

A) It shrank dramatically.
B) It more than doubled.
C) It has been fluctuating.
D) It has remained unchanged.

Richest 1 Percent

Refers to the top 1% of individuals in terms of wealth, typically holding a disproportionate amount of a country's total wealth.

Country's Income

The total monetary earnings of a nation, typically measured through metrics such as Gross Domestic Product (GDP), which indicate the economic performance and wealth of a country.

Share

To have a portion of something or use something jointly with others.

  • Understand the impacts of wealth disparity and financial stressors across different societal levels.
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sidra fazalMay 07, 2024
Final Answer :
B
Explanation :
Between 1979 and 2006, the share of the country's income earned by the richest 1 percent of U.S. households more than doubled.