U.S. Economy After the Great Recession

Play an AI-generated podcast conversation about this lesson

What is the unemployment rate in November 2019?

2.5%

4.5%

3.5% (correct)

5.5%

How has household incomes grown in this century?

They have remained constant

They have decreased significantly

They have grown substantially

They have grown only modestly (correct)

What is the median income of U.S. households in 2018?

$60,500

$74,600 (correct)

$80,300

$90,100

During which period did most of the increase in household income occur?

1970 to 2000 Signup and view all the answers

What was the annual average rate of increase in median income from 2000 to 2018?

0.3% Signup and view all the answers

If household incomes had continued to increase at the same rate as from 1970 to 2000, what would the current median U.S. household income be?

$87,000 Signup and view all the answers

When did the Great Recession begin?

2007 Signup and view all the answers

What is one reason for the concern about the rise in economic inequality since 1980?

Rising inequality may diminish economic opportunity and mobility Signup and view all the answers

What event marked a 15-year period of stagnation in median household income?

The Great Recession Signup and view all the answers

What has been suggested as an opposing viewpoint regarding income inequality and economic opportunity?

Income inequality does not impact economic opportunity Signup and view all the answers

U.S. Economy After the Great Recession

Podcast Beta

Questions and Answers

What is the unemployment rate in November 2019?

How has household incomes grown in this century?

What is the median income of U.S. households in 2018?

During which period did most of the increase in household income occur?

What was the annual average rate of increase in median income from 2000 to 2018?

If household incomes had continued to increase at the same rate as from 1970 to 2000, what would the current median U.S. household income be?

When did the Great Recession begin?

What is one reason for the concern about the rise in economic inequality since 1980?

What event marked a 15-year period of stagnation in median household income?

What has been suggested as an opposing viewpoint regarding income inequality and economic opportunity?

More Quizzes Like This

US Economy: Post-Great Recession

The Great Depression

The Roaring Twenties Economy

The Great Depression in the USA

Upgrade to continue