What explains the rise in income in the U.S. between 1900 and 2010?
A) business cycles
B) economic growth
C) recessions
D) depressions
E) the purchasing power of the dollar

Question

Quizplus · Accepted Answer

The rise in income in the U.S. between 1900 and 2010 can be largely attributed to economic growth. As the economy grew and became more productive, businesses were able to create more jobs and pay workers higher wages, leading to an increase in overall income. Additionally, advancements in technology and industrialization also played a role in driving up incomes over time.

What Explains the Rise in Income in the U