U.S. Economy After the Great Recession
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Questions and Answers

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?

    <p>1970 to 2000</p> Signup and view all the answers

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

    <p>0.3%</p> 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?

    <p>$87,000</p> Signup and view all the answers

    When did the Great Recession begin?

    <p>2007</p> Signup and view all the answers

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

    <p>Rising inequality may diminish economic opportunity and mobility</p> Signup and view all the answers

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

    <p>The Great Recession</p> Signup and view all the answers

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

    <p>Income inequality does not impact economic opportunity</p> Signup and view all the answers

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