Which statement best describes the pattern of income growth in the United States since the 1970s?
1. a sharp rise in income among those with top incomes and stagnate income among those with middle and lower incomes
2. a sharp rise in income among those with top and middle incomes and stagnate income among those with lower incomes
3.slow income growth in all income categories
4. moderate income growth in all income categories
5. substantial income growth in all income categories

A sharp rise in income among those with top incomes and stagnate income among those with middle and lower incomes is the pattern of income growth in the United States since the 1970s.

What is income growth?

Net income growth from one reporting period to the next for the organization. Your primary investment concentration should be on growth income.

Since 1970, household earnings have increased significantly, yet the pattern of income development has been one of stagnant income and income growth among those with middle- and lower-class incomes.

As a result, option (a) is correct.

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