Chapter 18 - Income Distribution and Poverty

market economy

market economy

income is largely determined by earnings, which are determined by the productivity of one's resources.

Income disparities

________ across families are caused in part by variations in the number of employees in each family.

high income home

A(n) ________ is often made up of a well- educated couple with both spouses working.

median income

The ________ for two- earner families is 91 % greater than for single- earner households.

Low earnings

________ are a source of public worry, particularly when children are involved, as we will see in the next section.

median

The ________ for two- earner families is 91 % greater than for single- earner households.