Question 1

Income is much more highly concentrated than wealth.

Accepted Answer

A) True 
 B)False

Question 2

What is the difference between the two kinds of wealth: gross assets and net worth?

Accepted Answer

Wealth is measured in two ways: gross as

Question 3

The income gap between female- and couple-headed families is less than that between majority and minority families.

Accepted Answer

A) True 
 B)False

Question 4

Stocks, bonds, and real estate are the most common types of assets held by Americans.

Accepted Answer

A) True 
 B)False

Question 5

The value of assets owned minus the amount of debt owed is referred to as ______.

Accepted Answer

A)  total worth 
B)  net worth 
C)  gross assets 
D)  net assets 
A)  total worth 
B)  net worth 
C)  gross assets 
D)  net assets

Question 6

Most Americans can expect, at best, a modest inheritance.

Accepted Answer

A) True 
 B)False

Question 7

One year's wages, interest, and dividends are examples of wealth.

Accepted Answer

A) True 
 B)False

Question 8

The total value of the assets someone owns is referred to as their ______.

Accepted Answer

A)  total worth 
B)  net worth 
C)  gross assets 
D)  net assets 
A)  total worth 
B)  net worth 
C)  gross assets 
D)  net assets

Question 9

In what two ways is wealth measured?

Accepted Answer

A)  gross assets; total worth 
B)  net worth; total worth 
C)  gross assets; net worth 
D)  net assets; net worth 
A)  gross assets; total worth 
B)  net worth; total worth 
C)  gross assets; net worth 
D)  net assets; net worth

Income is much more highly concentrated than wealth.

What is the difference between the two kinds of wealth: gross assets and net worth?

The income gap between female- and couple-headed families is less than that between majority and minority families.

Stocks, bonds, and real estate are the most common types of assets held by Americans.

The value of assets owned minus the amount of debt owed is referred to as ______.

Most Americans can expect, at best, a modest inheritance.

One year's wages, interest, and dividends are examples of wealth.

The total value of the assets someone owns is referred to as their ______.

In what two ways is wealth measured?

Social Class in America

Position and Prestige

Social Class, Occupation, and Social Change

Socialization, Association, Lifestyles, and Values

Social Mobility: The Societal Context

Family, Education, and Career

Elites, the Capitalist Class, and Political Power

Class Consciousness and Class Conflict

Poverty and Public Policy

The American Class Structure and Growing Inequality

Filters

Exam 4: Wealth and Income

Income is much more highly concentrated than wealth.

What is the difference between the two kinds of wealth: gross assets and net worth?

The income gap between female- and couple-headed families is less than that between majority and minority families.

Stocks, bonds, and real estate are the most common types of assets held by Americans.

The value of assets owned minus the amount of debt owed is referred to as ______.

Most Americans can expect, at best, a modest inheritance.

One year's wages, interest, and dividends are examples of wealth.

The total value of the assets someone owns is referred to as their ______.

In what two ways is wealth measured?

Social Class in America

Position and Prestige

Social Class, Occupation, and Social Change

Socialization, Association, Lifestyles, and Values

Social Mobility: The Societal Context

Family, Education, and Career

Elites, the Capitalist Class, and Political Power

Class Consciousness and Class Conflict

Poverty and Public Policy

The American Class Structure and Growing Inequality

Filters