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How
much do you know about the distribution of wealth in the United States
— and the world? Try this little quiz and see.
1. In 1975, the top executive at General Electric took home just over
35 times the income of the typical American family. Twenty-five years
later, the top executive at G.E. took home nearly 3,500 times America’s
median family income.
__ TRUE __ FALSE
2. The more rich people in a society, the greater the share of that society’s
wealth that flows into charities.
__ TRUE __ FALSE
3. The United States has become the most unequal nation in the developed
world.
__ TRUE __ FALSE
4. A rise in great fortunes, as President Calvin Coolidge once noted,
inevitably brings forth a “widening of culture.”
__ TRUE __ FALSE
5. The best-selling American novel of the entire 19th century, after Uncle
Tom’s Cabin, envisioned an America that had eliminated all
economic inequality.
__ TRUE __ FALSE
6. In societies becoming more unequal, taxpayers are less likely to fund
public services.
__ TRUE __ FALSE
7. Professional sports teams that keep salary differences between their
players narrow do better than teams that devote most of their dollars
to signing superstars.
__ TRUE __ FALSE
8. Within the United States, states with the most poor have the highest
mortality rates.
__ TRUE __ FALSE
9. The founder of modern management theory, Peter Drucker, believes that
business enterprises operate most efficiently when executives make no
more than twenty times the pay of their average workers.
__ TRUE __ FALSE
10. A President of the United States once proposed what amounted to a
maximum wage.
__ TRUE __ FALSE
Ready to see how you fared? The answers.
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