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Week 11 Quiz 17

Week 11 Quiz 17

Q 1.How much you own minus how much you owe is your ________ and ones salary is a form of ________. (Hint- the two words fit into the sentence in their noted order) 2.In the U.S., the highest 20% of the nation’s income earners get about __________ of the income in the nation. 3.Approximately _________ of Americans are in the working class and ________ of the people in the U.S. are lower middle class. 4.Tina is member of the working poor. When she can find work, it tends to be temporary work that requires her to travel far from where she lives. Often she ends up working a double shift just to make as much money as she can at the time because she does not know how long the job will last. What was her likely voting behavior in the last election? 5.Suppose you are living during a period of time in which a major new invention sparks a whole new industry and many new jobs are created. This new enterprise, however, renders some existing jobs obsolete, and the workers in those jobs become unemployed. Thus, about as many people move down the class ladder as move up. This is an example of __________ mobility.

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1. wealth-income 2. 51% 3. 30% and 34% 4. She did not vote. 5. exchange