Professional Documents
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477
Factual 17 (34%) 0 17
material
Understanding 11 (22%) 0 11
concepts
50 5 55
Multiple-Choice Questions
TB_Q2.1.1
Consider This: Between 1980 and 2014, the annual income of the highest-paid 20
percent of U.S. families increased by 63 percent. During this period, people in the
middle of the income distribution typically saw gains of about 18 percent. The lowest-
paid 20 percent of U.S. families, however, actually lost ground (-5 percent), making an
average of $888 less in 2014 than they earned in 1980. L.O.2.1 Describe the
distribution of income and wealth in the United States.
478
Learning Objective: L.O.2.1 Describe the distribution of income and wealth in the United
States.
Page: 35
TB_Q2.1.2
Consider This: According to the U.S. government, in 2014, the median family income—
that is, the middle case of all families when ranked by income—was $66,632. The
highest-earning 20 percent of U.S. families (with income of at least $129,000 a year and
with a mean or average of $217,021) received 48.9 percent of all income. L.O.2.1
Describe the distribution of income and wealth in the United States.
Learning Objective: L.O.2.1 Describe the distribution of income and wealth in the United
States.
Page: 35
TB_Q2.1.3
479