Exam 18: The Two Americas Inequality, Class, and Conflict

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Describe the sources of income and purchasing power for households. -Personal income can be broken down into five sources or categories. What are these categories and what percentage of personal income comes from each of these sources?

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Whats defention of terms: -class

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Compare and contrast relevant statistics on income and wealth for the United States. -Which countries in the world have a more equal distribution of income than the United States? Which countries have a more unequal distribution of income?

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Compare and contrast relevant statistics on income and wealth for the United States. -What has caused the increases in income and wealth inequality over the last three decades?

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Compare and contrast relevant statistics on income and wealth for the United States. -What is a Gini coefficient? What would it mean if the Gini coefficient were equal to zero? What if it were equal to one?

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Compare and contrast relevant statistics on income and wealth for the United States. -One percent of households own what share of total stock market value?

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