Sociology 1301 Questions and Correct Answers/ Latest Update / Already Graded

Page |1


Sociology 1301 Questions and Correct
Answers/ Latest Update / Already Graded
1%

Ans: Upper Class


Upper Class is divided by

Ans: Prestige


Old Money

Ans: Inherited (superior)


New Money

Ans: "The Nouveau Rich


1% Upper Class: The Nouveau Rich

Ans: People born into lower class who've attained upper class
Money w/o values and experiences


50% of Upperclass was?



All rights reserved © 2025/ 2026 |

, Page |2


Ans: Inherited


Richest 1% in Upper Class own:

Ans: 50% stocks, bonds & mutual funds.


Control as much wealth as bottom 90%


Pay lower tax rates


Richest 1% in Upper Class also:

Ans: Control as much wealth as bottom 90%


44%

Ans: Middle Class (%)


Lower Middle Class (%)

Ans: 30%


30%

Ans: Working Class (%)

All rights reserved © 2025/ 2026 |

, Page |3



25%

Ans: Lower Class (%)


Working Poor (%)

Ans: 22%


Underclass (%)

Ans: 3%


Over 50% of people in top 1%

Ans: Inherited most of their money


Top 1% make most of their money from

Ans: Capital Gains


Achieved most of their status through education and work in white
collar occupations

Ans: Middle Class



All rights reserved © 2025/ 2026 |