A Changing Economy

AP US History· difficulty 4/5

Income and wealth inequality in the U.S. since 1980

  • A

    Was effectively eliminated by progressive tax and welfare reforms

  • B

    Has grown to levels not seen since the Gilded Age

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  • C

    Stayed roughly constant with no significant change in distribution

  • D

    Has decreased to its lowest level since the post-World War II era

Explanation

Top 1% share of wealth and income has risen dramatically; major political issue.

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