Which of the following was true regarding conventionally measured income inequality in the U.S. during 1968 to 2007?

Question

Quizplus · Accepted Answer

According to conventional measures of income inequality, the income share of the top 1% of earners tripled between 1968 and 2007, indicating a significant increase in income inequality during this period. Option B is not correct, as it suggests that the income share of the top 25% remained constant, but it does not provide information on the overall trend in income inequality. Option C is incorrect, as it suggests a decline in the income share of the top 5%, which is not supported by conventional measures of income inequality. Option D is also incorrect, as income inequality was found to be increasing during this period, not decreasing.

Which of the Following Was True Regarding Conventionally Measured Income