Functions of American Government

Test 3

__income describes regular, pre-tax cash income from market sources, including government transfers, for all household members who are at least 15 years old. It excludes capital gains and in-kind forms of income.

Money

According to the CRS report, rising income inequlaity

Was primarily driven by the relatively rapid growth of mean income in the top quintile

In the U.S. which was higher in 2016, the median income or the mean income?

mean

An individual’s past earnings rank is a greater predictor of future earnings ranks in the short term than in the longer term

True

Which one of these is NOT a family composition trend linked to increasing income inequality

The increase in the U.S. birthrate

In which time-period did average income fall for the bottom 60% of U.S. households?

2000-2015