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Critics of the wealth gap might argue that.A.economic growth will likely decline over time.B.the upper classes cannot help create new jobs.C.the wealthy become unable to make investments.D.buying power exceeds the supply from producers.

User Gustavgans
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2 Answers

7 votes

Answer:

A) economic growth will likely decline over time.

Step-by-step explanation:

Got it right on unit test!

User Tim Gerlach
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Answer:

A) economic growth will likely decline over time.

Step-by-step explanation:

Currently, the wealthiest 1% own approximately 40% of the total wealth in America. This is not something new, but that number hasn't been that high since the early 1960s.

The problem with the wealth gap is that as more wealth is created at the top and less remains to be distributed at the middle and lower economic levels, the middle class will tend to shrink. The middle class has historically been the true engine of American economy. If their spending power decreases, economic growth in America will start to decrease, decreasing investment and private consumption. The social and economic costs of an increase in poverty will negatively affect the well-being of the whole economy.

User Imlokesh
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