Data for the 1980s through 2001 reveal:
A) that Kuznets was correct.
B) that there are fewer wealthy people today than in the past.
C) sharply increasing wealth inequality.
D) that the distribution of wealth in the U.S. has shifted back to northern states.
E) that wealthy are moving to rural areas to better shelter their wealth.

Question

Quizplus · Accepted Answer

The data for the 1980s through 2001 show a sharp increase in wealth inequality. This contradicts option A, which suggests that Kuznets' theory that inequality would naturally decrease with economic development was correct. Option B is also incorrect as there is no evidence to suggest that there are fewer wealthy people today than in the past. Option D and E are not supported by the given data.

Data for the 1980s Through 2001 Reveal