Asked by Jenna Grace Milionis on May 02, 2024
Verified
Thirty-seven percent of all national wealth is owned by:
A) the government
B) Bill Gates
C) the richest 1% of Americans
D) the richest 10% of Americans
E) foreign governments
National Wealth
The total value of all financial assets and resources owned by a country's government, businesses, and individuals.
Richest 1%
The segment of the population that holds the largest share of wealth, often involved in significant economic and policy-making decisions.
Americans
Denotes the citizens or people of the United States of America.
- Illustrate how wealth and income are distributed among distinct societies.
Verified Answer
JC
jugal chandakMay 07, 2024
Final Answer :
C
Explanation :
The richest 1% of Americans own a disproportionately large share of the country's wealth, with estimates often indicating that this group holds around or more than a third of all national wealth.
Learning Objectives
- Illustrate how wealth and income are distributed among distinct societies.