Asked by Gargi Patil on Jun 09, 2024

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Statement I.There is no basis for saying that in the U.S.the rich are getting richer and the poor are getting poorer.
Statement II.The U.S.has one of the most equal distributions of income in the world.

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.

Income Distributions

The way in which a nation’s total earnings are spread among its population, which can influence economic policies and social stability.

  • Comprehend the effects of income distribution and inequality on poverty rates.
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DS
david startJun 11, 2024
Final Answer :
A
Explanation :
Numerous studies have shown that income inequality has been increasing in the U.S. over recent decades, with the top earners seeing much larger income gains than the bottom earners. Therefore,stating that the rich are getting richer and the poor are getting poorer is largely accepted.However, the U.S. does not have one of the most equal distributions of income in the world, as many other countries have lower levels of income inequality.