Asked by Alissa Prete on Jul 29, 2024
Verified
Which statement is true?
A) College graduates earn much more than high school graduates mainly because of what they learn in college.
B) The bulk of all property income goes to the middle class.
C) Most government transfer payments go to the poor.
D) The bulk of all property income goes to the rich.
College Graduates
Individuals who have completed a degree program at a college or university.
Property Income
Income from property ownership, including rentals, dividends from investments in real estate, and interest on property savings.
Middle Class
The Middle Class refers to the social group between the upper and working classes, including professionals, managers, and skilled workers, characterized by moderate to above-average income levels.
- Identify the relationship between educational attainment and income distribution.
Verified Answer
AA
Alicia AmparoAug 02, 2024
Final Answer :
D
Explanation :
According to income data, the bulk of property income, such as income from stocks, bonds, and real estate, is earned by the wealthy. In fact, the richest 1 percent of Americans earn more from property income than the entire bottom 50 percent combined. This is one of the reasons for the widening income inequality gap.
Learning Objectives
- Identify the relationship between educational attainment and income distribution.