Which of the following best describes the history of income inequality in the United States?
A)The New Deal of the 1930s created massive income inequality that dramatically increased the share of annual national income going to the top 1 percent.
B)Income inequality has remained relatively constant throughout American history,with the top 1 percent accounting for approximately 10 percent of national income.
C)In 1976,the top 1 percent accounted for less than 10 percent of annual national income.
D)The top 1 percent has never accounted for at least 10 percent of annual national income.

Question

Quizplus · Accepted Answer

Studies have shown that income inequality in the United States has been rising steadily since the 1970s, with the top 1 percent accounting for a larger and larger share of national income. In 1976, the top 1 percent accounted for less than 10 percent of annual national income, but by 2014, that figure had risen to over 20 percent. Therefore, option C is the best description of the history of income inequality in the United States.

Which of the Following Best Describes the History of Income