Question

"It has been reported that the richest one percent of Americans own 40%

of the country's wealth.”
O
○If the gap between rich and poor continues to grow at the current rate, the richest one
percent will soon own 40% of the country's wealth.
○The richest 1% are 40 times as wealthy as the rest of Americans.
○40% of the country's wealth is in the hands of only 1% of Americans.
○99% of Americans own 40% as much as the richest 1%.​

Answer 1

Answer: ○40% of the country's wealth is in the hands of only 1% of Americans.

Step-by-step explanation:

The text says that it HAS BEEN REPORTED that the richest 1% own 40% of the country's wealth.

That means that for instance, if the US population were a 1000 people and the wealth was $100 then 10 (1%) people own $40 (40% of wealth).

This means that the remaining 990 people are sharing $60.

Option C is the only statement in the options that correlates with this as it shows that $40 is in the hands of 10 people by saying that 40% of wealth is in the hands of 1% of the population which is what the text postulates.