Asked by maddie arveseth on May 12, 2024
Verified
Statement I: There are at least 10 Americans with fortunes of over $17 billion.
Statement II: The Walmart inheritors net worth is over $80 billion.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Fortunes
Large amounts of money or very valuable assets, often acquired or accumulated over time.
Walmart Inheritors
The subset of individuals who have inherited wealth generated from the Walmart enterprise, one of the largest retail corporations globally.
- Comprehend the distribution patterns of income and wealth in the United States.
Verified Answer
OJ
Ostin Justice-youngMay 14, 2024
Final Answer :
C
Explanation :
As of my last update, there are indeed more than 10 Americans with fortunes exceeding $17 billion, making Statement I true. The Walton family, who are the inheritors of Walmart's fortune, collectively have a net worth that significantly exceeds $80 billion, making Statement II also true.
Learning Objectives
- Comprehend the distribution patterns of income and wealth in the United States.