Problem
1. "Income inequality in the United States has been increasing over the last three or four decades." True, false, or uncertain? Explain.
2. Indicate why variations in the annual income of individuals may be a misleading indicator of inequality in their economic standard of living. What are some of the problems with annual income data at a given time as a measure of one's economic well-being? Explain.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.