Which statement(s) is/are true?
I. A major source of income inequality in the United States stems from differences in education levels.
II. Differences in the number of earners in a household is not a source of income inequality in the United States.
III. Differences in spending habits is a major factor in explaining income inequality.

Question

Quizplus · Accepted Answer

I. Differences in education levels are a significant factor contributing to income inequality in the United States, as higher education often leads to higher-paying jobs. II is incorrect because the number of earners in a household does indeed affect income levels, contributing to income inequality. III is incorrect because while spending habits can affect individual wealth accumulation, they are not a major factor in explaining systemic income inequality, which is more influenced by income sources and levels.

Which Statement(s) Is/are True