1.
Personal income in the United States
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Personal income is an individuals total earnings from wages, investment interest, and other sources. The US Census Bureau reported a personal income of $30,240 for all workers over age 15 with income. Inflation-adjusted per-capita disposable personal income rose steadily in the U. S. from 1945 to 2008, Income patterns are evident on the basis of age, sex, ethnicity and educational characteristics. In 2005 roughly half of all those with graduate degrees were among the nations top 15% of income earners, according to the US Census, men tended to have higher income than women while Asians and Whites earned more than African Americans and Hispanics. In the United States the most widely cited personal income statistics are the Bureau of Economic Analysiss personal income, the two statistics spring from different traditions of measurement—personal income from national economic accounts and money income from household surveys. BEAs statistics relate personal income to measures of production, including GDP, the Census Bureaus statistics provide detail on income distribution and demographics and are used to produce the nations official poverty statistics. Personal income also includes income received by nonprofit institutions serving households, by private non-insured welfare funds, BEA also publishes disposable personal income, which measures the income available to households after paying federal and state and local government income taxes. Income from production is generated both by the labor of individuals and by the capital that they own, Income that is not earned from production in the current period—such as capital gains, which relate to changes in the price of assets over time—is excluded. BEAs monthly personal income estimates are one of several key macroeconomic indicators that the National Bureau of Economic Research considers when dating the business cycle, Personal income and disposable personal income are provided both as aggregate and as per capita statistics. BEA produces monthly estimates of income for the nation, quarterly estimates of state personal income. More information is found on BEAs website, the CPS is the source of the official national estimates of poverty and the most widely cited source of annual household income estimates for the United States. The CPS measure of income is defined as the total pre-tax cash income received by people on a regular basis, excluding certain lump-sum payments. The Census Bureau releases estimates of money income as medians, percent distributions by income categories. Estimates are available by demographic characteristics of householders and by the composition of households, more details on income concepts and sources are found on the Census Bureaus website. Of those individuals with income who were older than 15 years of age, the distribution of income among individuals differs substantially from household incomes as 39% of all households had two or more income earners. As a result, 25% of households have incomes above $100,000, as a reference point, the US minimum wage since 2009 has been $7.25 per hour or $15,080 for the 2080 hours in a typical work year. Annual wages of $30,160, $45,240, $75,400, $150,800, SOURCE, US Census Bureau, Current Population Survey 2016 This chart is median income of 15 year olds or older, who have non-zero income. Amounts are shown in dollars and in real dollars in parentheses,2004 dollars
2.
Income inequality in the United States
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This trend is evident with income measured both before taxes as well as after taxes and transfer payments. Measured for working-age households, market income inequality is comparatively high and these comparisons indicate Americans shift from reliance on market income to reliance on income transfers later in life and less than households in other developed countries do. The U. S. ranks around the 30th percentile in income inequality globally, U. S. federal tax and transfer policies are progressive and therefore reduce income inequality measured after taxes and transfers. Tax and transfer policies together reduced income inequality slightly more in 2011 than in 1979, U. S. income inequality has grown significantly since the early 1970s, after several decades of stability, and has been the subject of study of many scholars and institutions. The top 1% of households received approximately 20% of the income in 2013. The top 1% is not homogeneous, with the top income households pulling away from others in the top 1%. For example, the top 0. 1% of households received approximately 10% of the income in 2013. According to IRS data, adjusted gross income of approximately $430,000 was required to be in the top 1% in 2013. Most of the growth in inequality has been between the middle class and top earners, with the disparity widening the further one goes up in the income distribution. The bottom 50% earned 20% of the nations income in 1979. Income for the middle 40% group, a proxy for the middle class, half of the U. S. population lives in poverty or is low-income, according to U. S. Census data. The trend of rising income inequality is apparent after taxes. U. S. federal tax and transfer policies are progressive and therefore reduce income inequality measured after taxes. They became moderately less progressive between 1979 and 2007 but slightly more progressive measured between 1979 and 2011, Income transfers had a greater impact on reducing inequality than taxes from 1979 to 2011. Americans are not generally aware of the extent of inequality or recent trends, the U. S. was ranked the 6th worst among 173 countries on income equality measured by the Gini index. There is significant and ongoing debate as to the causes, economic effects, while before-tax income inequality is subject to market factors, after-tax income inequality can be directly affected by tax and transfer policy. U. S. income inequality is comparable to developed nations before taxes and transfers. Income inequality may contribute to economic growth, reduced income mobility, higher levels of household debt
3.
Income
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Income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms. However, for households and individuals, income is the sum of all the wages, salaries, profits, interests payments, rents, in a given period of time. In the field of economics, the term may refer to the accumulation of both monetary and non-monetary consumption ability, with the former being used as a proxy for total income. Income per capita has been increasing steadily in almost every country, many factors contribute to people having a higher income such as education, globalisation and favorable political circumstances such as economic freedom and peace. Increase in income tends to lead to people choosing to work less hours. Developed countries have higher incomes as opposed to developing countries tending to have lower incomes, from labor services, as well as ownership of land and capital. In consumer theory income is another name for the budget constraint, the basic equation for this is Y = P x ⋅ x + P y ⋅ y This equation implies two things. First buying one unit of good x implies buying P x P y less units of good y. So, P x P y is the price of a unit of x as to the number of units given up in y. Second, if the price of x falls for a fixed Y, the usual hypothesis is that the quantity demanded of x would increase at the lower price, the law of demand. The generalization to more than two goods consists of modelling y as a composite good, the theoretical generalization to more than one period is a multi-period wealth and income constraint. For example, the person can gain more productive skills or acquire more productive income-earning assets to earn a higher income. In the multi-period case, something might happen to the economy beyond the control of the individual to reduce the flow of income. Changing measured income and its relation to consumption over time might be modeled accordingly, full income refers to the accumulation of both the monetary and the non-monetary consumption-ability of any given entity, such as a person or a household. According to what the economist Nicholas Barr describes as the definition of income, income may be defined as the. Sum of the value of rights exercised in consumption and the change in the value of the store of property rights. Since the consumption potential of non-monetary goods, such as leisure, cannot be measured, as such, however, it is criticized for being unreliable, i. e. failing to accurately reflect affluence of any given agent. It omits the utility a person may derive from non-monetary income and, on a macroeconomic level, according to Barr, in practice money income as a proportion of total income varies widely and unsystematically
4.
Debt
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Debt is money owed by one party, the borrower or debtor, to a second party, the lender or creditor. The borrower may be a state or country, local government, company. The lender may be a bank, credit card company, payday loan provider, Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. Loans, bonds, notes, and mortgages are all types of debt, the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value. For example, in Western cultures, a person who has been helped by a person is sometimes said to owe a debt of gratitude to the second person. Interest is the fee paid by the borrower to the lender, interest is calculated as a percentage of the outstanding principal, which percentage is known as an interest rate, and is generally paid periodically at intervals, such as monthly or semi-annually. Interest rates may be fixed or floating, in floating-rate structures, the rate of interest that the borrower pays during each time period is tied to a benchmark such as LIBOR or, in the case of inflation-indexed bonds, inflation. There are many different conventions for calculating interest, depending on the terms of the debt, compound interest may accumulate at a specific interval. In addition, different day count conventions exist, for example, sometimes each month is considered to have thirty days. The annual percentage rate is a way to calculate and compare interest rates on an annual basis. Quoting interest rates using APR is required by regulation for most loans to individuals in the United States, for some loans, the amount actually loaned to the debtor is less than the principal sum to be repaid. This may be because upfront fees or points are charged, or because the loan has been structured to be sharia-compliant, the additional principal due at the end of the term has the same economic effect as a higher interest rate. This is sometimes referred to as a dozen, a play on bakers dozen – owe twelve, receive a loan of eleven. Amortization structures are common in mortgages and credit cards, debtors of every type default on their debt from time to time, with various consequences depending on the terms of the debt and the law governing default in the relevant jurisdiction. If the debt was secured by collateral, such as a car or home. In more serious circumstances, individuals and companies may go into bankruptcy, riskier borrowers must generally pay higher rates of interest to compensate lenders for taking on the additional risk of default. Debt investors assess the risk of default prior to making a loan, for example through credit scores and corporate, common types of debt owed by individuals and households include mortgage loans, car loans, and credit card debt. For individuals, debt is a means of using anticipated income, commonly, people in industrialized nations use consumer debt to purchase houses, cars and other things too expensive to buy with cash on hand
5.
Inflation
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In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time resulting in a loss of value of currency. When the price rises, each unit of currency buys fewer goods. Consequently, inflation reflects a reduction in the power per unit of money – a loss of real value in the medium of exchange. A chief measure of inflation is the inflation rate, the annualized percentage change in a general price index, usually the consumer price index. The opposite of inflation is deflation, Inflation affects economies in various positive and negative ways. Economists generally believe that high rates of inflation and hyperinflation are caused by a growth of the money supply. However, money supply growth does not necessarily cause inflation, some economists maintain that under the conditions of a liquidity trap, large monetary injections are like pushing on a string. Views on which factors determine low to moderate rates of inflation are more varied, low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities. However, the view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth. Today, most economists favor a low and steady rate of inflation, the task of keeping the rate of inflation low and stable is usually given to monetary authorities. Rapid increases in quantity of the money or in the money supply have occurred in many different societies throughout history. By diluting the gold with other metals, the government could issue more coins without also needing to increase the amount of used to make them. When the cost of each coin is lowered in this way and this practice would increase the money supply but at the same time the relative value of each coin would be lowered. As the relative value of the coins becomes lower, consumers would need to give more coins in exchange for the same goods and these goods and services would experience a price increase as the value of each coin is reduced. Song Dynasty China introduced the practice of printing paper money in order to create fiat currency, during the Mongol Yuan Dynasty, the government spent a great deal of money fighting costly wars, and reacted by printing more money, leading to inflation. Fearing the inflation that plagued the Yuan dynasty, the Ming Dynasty initially rejected the use of paper money, historically, large infusions of gold or silver into an economy also led to inflation. This was largely caused by the influx of gold and silver from the New World into Habsburg Spain. The silver spread throughout a previously cash-starved Europe and caused widespread inflation, demographic factors also contributed to upward pressure on prices, with European population growth after depopulation caused by the Black Death pandemic
6.
Business cycle
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The business cycle or economic cycle is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a cycle is the period of time containing a single boom. These fluctuations typically involve shifts over time periods of relatively rapid economic growth, and periods of relative stagnation or decline. Business cycles are usually measured by considering the rate of real gross domestic product. Despite the often-applied term cycles, these fluctuations in economic activity do not exhibit uniform or predictable periodicity, the common or popular usage boom-and-bust cycle refers to fluctuations in which the expansion is rapid and the contraction severe. Prior to that point classical economics had either denied the existence of cycles, blamed them on external factors, notably war. Sismondi found vindication in the Panic of 1825, which was the first unarguably international economic crisis and they advocated government intervention and socialism, respectively, as the solution. He devoted hundreds of pages of Das Kapital to crises, in Progress and Poverty, Henry George focused on lands role in crises – particularly land speculation – and proposed a single tax on land as a solution. In 1860 French economist Clement Juglar first identified economic cycles 7 to 11 years long, interest in the different typologies of cycles has waned since the development of modern macroeconomics, which gives little support to the idea of regular periodic cycles. There were great increases in productivity, industrial production and real per capita product throughout the period from 1870 to 1890 that included the Long Depression, there were also significant increases in productivity in the years leading up to the Great Depression. Both the Long and Great Depressions were characterized by overcapacity and market saturation, the effect of technological progress can be seen by the purchasing power of an average hours work, which has grown from $3 in 1900 to $22 in 1990, measured in 2010 dollars. There were similar increases in wages during the 19th century. See Financial crisis, 19th century for listing and details, the first of these crises not associated with a war was the Panic of 1825. Business cycles in OECD countries after World War II were generally more restrained than the business cycles. This was particularly true during the Golden Age of Capitalism, in this period, the economic cycle – at least the problem of depressions – was twice declared dead. The first declaration was in the late 1960s, when the Phillips curve was seen as being able to steer the economy, however, this was followed by stagflation in the 1970s, which discredited the theory. The second declaration was in the early 2000s, following the stability, notably, in 2003, Robert Lucas, in his presidential address to the American Economic Association, declared that the central problem of depression-prevention been solved, for all practical purposes. Unfortunately, this was followed by the 2008–2012 global recession, various regions have experienced prolonged depressions, most dramatically the economic crisis in former Eastern Bloc countries following the end of the Soviet Union in 1991
7.
Extreme poverty
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It depends not only on income but also on access to services. In 2008, extreme poverty widely refers to earning below the poverty line of $1. 25/day. This measure is the equivalent to earning $1.00 a day in 1996 US prices, hence the widely used expression, living on less than a dollar a day. The vast majority of those in extreme poverty – 96% – reside in South Asia, Sub-Saharan Africa, The West Indies, East Asia, the reduction of extreme poverty and hunger was the first Millennium Development Goal, as set by 189 United Nations Member States in 2000. Specifically, MDG1 set a target of reducing the poverty rate in half by 2015. Extreme poverty is defined by the International Community as earning less than a $1.25 a day, originally, the international poverty line was set at earning a $1 a day when the Millennium Development Goals were first published. However, in 2008, the World Bank pushed the line to $1.25 to recognize higher price levels in developing countries than previously estimated. As of September 2010, according to the UN, roughly 1.2 billion people remain in extreme poverty based on this metric.9 billion. On September 23,2015 the UK-based Financial Times reported that the World Bank intends to revise its income-based benchmark upward, as differences in the cost of living across the world evolve, the global poverty line has to be periodically updated to reflect these changes. The new global poverty line uses updated price data to paint a more accurate picture of the costs of food, clothing. In other words, the value of $1.90 in 2011’s prices is the same as $1.25 was in 2005. Though widely used by most international organizations, the $1. 25/day extreme poverty line has come under scrutiny from a variety of factors, not to mention the fact that there may be missing data from the poorest and most fragile countries which may muddle the picture even further. Thus, the 2010 Human Development Report introduced the Multidimensional Poverty Index, which not only income. Using this tool, the United Nations Development Programme estimated that roughly 1.5 billion people remained in poverty as opposed to the conventional figure of 1.2 billion. As this figure is considered more holistic, it may shed new light on relative deprivation within a country, for example, in Ethiopia, 39% of the population is considered extremely poor under conventional measures, but 90% are in multidimensional poverty. This tool is useful as development officials, using the M0 measure of the method, in contrast, data from the Chhukha District of Bhutan reveals that income is a much larger contributor to poverty as opposed to other dimensions within the region. Using the World Bank definition of $1. 25/day, as of September 2013, nearly half live in India and China, with more than 85% living in just 20 countries. Since the mid-1990s, there has been a decline in both the worldwide poverty rate and the total number of extreme poor
8.
United States Census Bureau
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The United States Census Bureau is a principal agency of the U. S. Federal Statistical System, responsible for producing data about the American people and economy. The Census Bureaus primary mission is conducting the U. S. Census every ten years, in addition to the decennial census, the Census Bureau continually conducts dozens of other censuses and surveys, including the American Community Survey, the U. S. Economic Census, and the Current Population Survey, furthermore, economic and foreign trade indicators released by the federal government typically contain data produced by the Census Bureau. The Bureaus various censuses and surveys help allocate over $400 billion in federal funds every year and help states, local communities, the Census Bureau is part of the U. S. Department of Commerce and its director is appointed by the President of the United States. The Census Bureau now conducts a population count every 10 years in years ending with a 0. Between censuses, the Census Bureau makes population estimates and projections, the Census Bureau is mandated with fulfilling these obligations, the collecting of statistics about the nation, its people, and economy. The Census Bureaus legal authority is codified in Title 13 of the United States Code, the Census Bureau also conducts surveys on behalf of various federal government and local government agencies on topics such as employment, crime, health, consumer expenditures, and housing. Within the bureau, these are known as surveys and are conducted perpetually between and during decennial population counts. The Census Bureau also conducts surveys of manufacturing, retail, service. Between 1790 and 1840, the census was taken by marshals of the judicial districts, the Census Act of 1840 established a central office which became known as the Census Office. Several acts followed that revised and authorized new censuses, typically at the 10-year intervals, in 1902, the temporary Census Office was moved under the Department of Interior, and in 1903 it was renamed the Census Bureau under the new Department of Commerce and Labor. The department was intended to consolidate overlapping statistical agencies, but Census Bureau officials were hindered by their role in the department. An act in 1920 changed the date and authorized manufacturing censuses every 2 years, in 1929, a bill was passed mandating the House of Representatives be reapportioned based on the results of the 1930 Census. In 1954, various acts were codified into Title 13 of the US Code, by law, the Census Bureau must count everyone and submit state population totals to the U. S. President by December 31 of any year ending in a zero. States within the Union receive the results in the spring of the following year, the United States Census Bureau defines four statistical regions, with nine divisions. The Census Bureau regions are widely used. for data collection, the Census Bureau definition is pervasive. Title 13 of the U. S. Code establishes penalties for the disclosure of this information, all Census employees must sign an affidavit of non-disclosure prior to employment. The Bureau cannot share responses, addresses or personal information with anyone including United States or foreign government, only after 72 years does the information collected become available to other agencies or the general public
9.
Asian Americans
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Asian Americans are Americans of Asian descent. The term refers to a group that includes diverse populations who have ancestral origins in East Asia, Southeast Asia, or South Asia. This includes people who indicate their race on the census as Asian or reported entries such as Asian Indian, Chinese, Filipino, Korean, Japanese, Vietnamese, and Other Asian. Asian Americans with no other ancestry comprise 4. 8% of the U. S. population, although migrants from Asia have been in parts of the contemporary United States since the 17th century, large-scale immigration did not begin until the mid-18th century. Nativist immigration laws during the 1880s-1920s excluded various Asian groups, eventually prohibiting almost all Asian immigration to the continental United States, after immigration laws were reformed during the 1940s-60s, abolishing national origins quotas, Asian immigration increased rapidly. Analyses of the 2010 census have shown that Asian Americans are the fastest growing racial or ethnic minority in the United States, starting in the first few years of the 2000 decade, Asian American earnings began exceeding all other racial groups for both men and women. For example, in 2008 Asian Americans had the highest median household income overall of any racial demographic, in 2012, Asian Americans had the highest educational attainment level and median household income of any racial demographic in the country. In 2015, Asian American men were the highest earning racial group as they earned 117% as much as white American men, once country of birth and other demographic factors are taken into account, Asian Americans are no more likely than non-Hispanic whites to live in poverty. As with other racial and ethnicity based terms, formal and common usage have changed markedly through the history of this term. Prior to the late 1960s, people of Asian ancestry were referred to as Oriental, Asiatic. Today, Asian American is the term for most formal purposes, such as government and academic research. The most commonly used definition of Asian American is the US Census Bureau definition, which all people with origins in the Far East, Southeast Asia. This is chiefly because the census definitions determine many government classifications, notably for equal opportunity programs, according to the Oxford English Dictionary, Asian person in the United States is sometimes thought of as a person of East Asian descent. In vernacular usage, Asian is often used to refer to those of East Asian descent or anyone else of Asian descent with epicanthic eyefolds. This differs from the U. S. Census definition and the Asian American Studies departments in many universities consider all those of East, before 1980, Census forms listed particular Asian ancestries as separate groups, along with white and black or negro. Asian Americans had also been classified as other, in 1977, the federal Office of Management and Budget issued a directive requiring government agencies to maintain statistics on racial groups, including on Asian or Pacific Islander. The 1980 census marked the first classification of Asians as a large group, by the 1990 census, Asian or Pacific Islander was included as an explicit category, although respondents had to select one particular ancestry as a subcategory. The 2000 census onwards separated the category into two separate ones, Asian American and Native Hawaiian and Other Pacific Islander, the definition of Asian American has variations that derive from the use of the word American in different contexts
10.
Non-Hispanic whites
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Non-Hispanic whites are a subcategory of white Americans, the other being white Hispanic and Latino Americans. In the United States, this population was first derived from English settlement of the Americas, as well as settlement by other Europeans such as the Germans and Dutch that began in the 17th century. In 2011, for the first time in U. S. history, non-Hispanic whites accounted for half of the births in the country. At 197.2 million in 2012, non-Hispanic whites comprise 62. 8% of the total U. S. population. The Non-Hispanic white population in the United States has been declining since the 1940s as a percentage of the total US population due to a number of factors,1, Non-Hispanic whites are having fewer children relative to other groups. Preliminary 2012 data show that whites have a total fertility rate of 1.76 children per woman, compared to 1.90 for non-Hispanic blacks,2.19 for Hispanics. Since 1990, rates for other races have been falling while the white rate has been more or less stable. The U. S. takes more immigrants than the rest of the world combined with the vast majority coming from countries where the population is of non-white and/or Hispanic origin, in 2009, approximately 90% of all immigrants came from non-European countries. The U. S. does receive a number of non-Hispanic white immigrants, mainly from countries such as Brazil, Canada, Poland, Russia. The USA is seeing an increase in intermarriage between the various racial and ethnic groups. In 2008, a record 14. 6% of all new marriages in the United States were between spouses of a different race or ethnicity from one another, 9% of non-Hispanic whites who married in 2008 married either a non-white or Hispanic. Among all newlyweds in 2008, intermarried pairings were primarily white-Hispanic of any race as compared to white-Asian, white-black, other combinations consists of pairings between different minority groups, multi-racial people, and American Indians. The children of such unions would not generally be classified as white Non-Hispanic, in the 2000 Census, people were allowed to check more than one race in addition to choosing Hispanic. There was strong opposition to this from some civil rights activists who feared that this would reduce the size of various racial minorities, the government responded by counting those who are white and of one minority race or ethnicity as minorities for the purposes of civil-rights monitoring and enforcement. Hence one could be 1/8th black and still be counted as a minority, also, because this does not apply to Hispanic origin, the offspring of Hispanics and non-Hispanics are usually counted as Hispanic. Minority populations are younger than non-Hispanic whites, the national median age in 2011 was 37.3 with non-Hispanic whites having the oldest median age while Hispanics have the youngest. Non-Hispanic blacks and non-Hispanic Asians also are younger than whites, although non-Hispanic whites are declining as a percentage, in actual numbers they have still been growing. From 2000 -2010 the non-Hispanic white population grew from 194,552,774 to 196,817,552 - A growth of 1. 2% over the 10-year period, as of 2012, four states are majority-minority, Hawaii, California, New Mexico, and Texas
11.
Hispanic
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The term Hispanic broadly refers to the people, nations, and cultures that have a historical link to Spain. It commonly applies to countries once colonized by the Spanish Empire in the Americas and Asia, particularly the countries of Latin America and the Philippines. It could be argued that the term should apply to all Spanish-speaking cultures or countries and it is difficult to label a nation or culture with one term, such as Hispanic, as the ethnicities, customs, traditions, and art forms vary greatly by country and region. The Spanish language and Spanish culture are the main traditions, the term Hispanic derives from Latin Hispanicus, the adjectival derivation of Latin Hispania and Hispanus/Hispanos, ultimately probably of Celtiberian origin. In English the word is attested from the 16th century, the words Spain, Spanish, and Spaniard are of the same etymology as Hispanus, ultimately. Hispanus was the Latin name given to a person from Hispania during Roman rule, in English, the term Hispano-Roman is sometimes used. The Hispano-Romans were composed of people from different indigenous tribes. A number of men, such as Trajan, Hadrian. Hispano-Roman is used to refer to the culture and people of Hispania, Hispanic is used to refer to modern Spain, to the Spanish language, and to the Spanish-speaking nations of the world and particularly the Americas. Spanish is used to refer to the people, nationality, culture, language, Spaniard is used to refer to the people of Spain. Hispania was the Roman name for the territory of the Iberian Peninsula. Initially, this territory was divided into two provinces, Hispania Citerior and Hispania Ulterior, in 27 B. C, Hispania Ulterior was divided into two new provinces, Hispania Baetica and Hispania Lusitania, while Hispania Citerior was renamed Hispania Tarraconensis. This division of Hispania explains the usage of the singular and plural forms used to refer to the peninsula and this revival of the old Roman concept in the Middle Ages appears to have originated in Provençal, and was first documented at the end of the 11th century. In the Council of Constance, the four kingdoms shared one vote, the word Lusitanian, relates to Lusitania or Portugal, also in reference to the Lusitanians, possibly one of the first Indo-European tribes to settle in Europe. From this tribes name had derived the name of the Roman province of Lusitania, the terms Spain and the Spains were not interchangeable. Spain was a territory, home to several kingdoms, with separate governments, laws, languages, religions, and customs. Spain was not an entity until much later, and when referring to the Middle Ages. The term The Spains referred specifically to a collective of juridico-political units, first the Christian kingdoms, although colloquially and literally the expression King of Spain or King of the Spains was already widespread, it did not refer to a unified nation-state
12.
African Americans
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African Americans are an ethnic group of Americans with total or partial ancestry from any of the Black racial groups of Africa. The term may also be used to only those individuals who are descended from enslaved Africans. As a compound adjective the term is usually hyphenated as African-American, Black and African Americans constitute the third largest racial and ethnic group in the United States. Most African Americans are of West and Central African descent and are descendants of enslaved peoples within the boundaries of the present United States. On average, African Americans are of 73. 2–80. 9% West African, 18–24% European, according to US Census Bureau data, African immigrants generally do not self-identify as African American. The overwhelming majority of African immigrants identify instead with their own respective ethnicities, immigrants from some Caribbean, Central American and South American nations and their descendants may or may not also self-identify with the term. After the founding of the United States, black people continued to be enslaved, believed to be inferior to white people, they were treated as second-class citizens. The Naturalization Act of 1790 limited U. S. citizenship to whites only, in 2008, Barack Obama became the first African American to be elected President of the United States. The first African slaves arrived via Santo Domingo to the San Miguel de Gualdape colony, the ill-fated colony was almost immediately disrupted by a fight over leadership, during which the slaves revolted and fled the colony to seek refuge among local Native Americans. De Ayllón and many of the colonists died shortly afterwards of an epidemic, the settlers and the slaves who had not escaped returned to Haiti, whence they had come. The first recorded Africans in British North America were 20 and odd negroes who came to Jamestown, as English settlers died from harsh conditions, more and more Africans were brought to work as laborers. Typically, young men or women would sign a contract of indenture in exchange for transportation to the New World, the landowner received 50 acres of land from the state for each servant purchased from a ships captain. An indentured servant would work for years without wages. The status of indentured servants in early Virginia and Maryland was similar to slavery, servants could be bought, sold, or leased and they could be physically beaten for disobedience or running away. Africans could legally raise crops and cattle to purchase their freedom and they raised families, married other Africans and sometimes intermarried with Native Americans or English settlers. By the 1640s and 1650s, several African families owned farms around Jamestown and some became wealthy by colonial standards and purchased indentured servants of their own. In 1640, the Virginia General Court recorded the earliest documentation of slavery when they sentenced John Punch. One of Dutch African arrivals, Anthony Johnson, would own one of the first black slaves, John Casor
13.
Median
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The median is the value separating the higher half of a data sample, a population, or a probability distribution, from the lower half. In simple terms, it may be thought of as the value of a data set. For example, in the set, the median is 6. The median is a commonly used measure of the properties of a set in statistics. The basic advantage of the median in describing data compared to the mean is that it is not skewed so much by extremely large or small values, and so it may give a better idea of a typical value. For example, in understanding statistics like household income or assets which vary greatly, Median income, for example, may be a better way to suggest what a typical income is. The median of a finite list of numbers can be found by arranging all the numbers from smallest to greatest, if there is an odd number of numbers, the middle one is picked. For example, consider the set of numbers,1,3,3,6,7,8,9 This set contains seven numbers, the median is the fourth of them, which is 6. If there are a number of observations, then there is no single middle value. For example, in the set,1,2,3,4,5,6,8,9 The median is the mean of the middle two numbers, this is ÷2, which is 4.5. The formula used to find the number of a data set of n numbers is ÷2. This either gives the number or the halfway point between the two middle values. For example, with 14 values, the formula will give 7.5, and you will also be able to find the median using the Stem-and-Leaf Plot. There is no accepted standard notation for the median. In any of these cases, the use of these or other symbols for the needs to be explicitly defined when they are introduced. The median is used primarily for skewed distributions, which it summarizes differently from the arithmetic mean, the median is 2 in this case, and it might be seen as a better indication of central tendency than the arithmetic mean of 4. The widely cited empirical relationship between the locations of the mean and the median for skewed distributions is, however. There are, however, various relationships for the difference between them, see below
14.
Income distribution
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In economics, income distribution is how a nation’s total GDP is distributed amongst its population. Income and its distribution have always been a concern of economic theory. Modern economists have also addressed this issue, but have been concerned with the distribution of income across individuals. Important theoretical and policy concerns include the relationship between income inequality and economic growth, the distribution of income within a society may be represented by the Lorenz curve. The Lorenz curve is closely associated with measures of income inequality, the concept of inequality is distinct from that of poverty and fairness. While different theories may try to explain how income inequality comes about, using Gini coefficients, several organizations, such as the United Nations and the US Central Intelligence Agency, have measured income inequality by country. The Gini index is widely used within the World Bank. It is an accurate and reliable index for measuring income distribution on a country by country level, the Gini index measurements go from 0 to 1 for 1 being perfect inequality and 0 being perfect equality. The world Gini index is measured at 0.52 as of 2016, standard economic theory stipulates that inequality tends to increase over time as a country develops, and to decrease as a certain average income is attained. This theory is known as the Kuznets curve after Simon Kuznets. However, many prominent economists disagree with the need for inequality to increase as a country develops, further, empirical data on the proclaimed subsequent decrease of inequality is conflicting. There are two ways of looking at income inequality, within country inequality – which is inequality within a nation, or between country inequality which is inequality between countries. Furthermore, increased income inequality over a long period is conclusive. However, scholars disagree about whether inter-country income inequality has increased, remained relatively stable and this has much to do with the recent average income rise in China and to some extent India, who represent almost two-fifths of the world. In the United States, income has become distributed more unequally over the past 30 years, cambridge Massachusetts, The Belknap Press of Harvard University Press. Inequality and Unsustainable Growth, Two Sides of the Same Coin, prepared by Andrew G. Berg and Jonathan D. Ostry1 The Chartbook of Income Inequality from INET at the University of Oxford by Anthony Atkinson, Salvatore Morelli, and Max Roser
15.
United States Census
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The actual Enumeration shall be made within three Years after the first Meeting of the Congress of the United States, and within every subsequent Term of ten Years. The United States Census Bureau is responsible for the United States Census, the first census after the American Revolution was taken in 1790, under Secretary of State Thomas Jefferson, there have been 22 federal censuses since that time. The current national census was held in 2010, the census is scheduled for 2020. For years between the censuses, the Census Bureau issues estimates made using surveys and statistical models, in particular. Title 13 of the United States Code governs how the Census is conducted, Information is confidential as per 13 U. S. C. The United States Census is a census, which is distinct from the U. S. Census of Agriculture. It is also distinct from local censuses conducted by some states or local jurisdictions, Decennial U. S. Census figures are based on actual counts of persons dwelling in U. S. residential structures. They include citizens, non-citizen legal residents, non-citizen long-term visitors, the Census Bureau bases its decision about whom to count on the concept of usual residence. Usual residence, a principle established by the Census Act of 1790, is defined as the place a person lives, the Census also uses hot deck imputation to assign data to housing units where occupation status is unknown. This practice has effects across many areas, but is seen by some as controversial, however, the practice was ruled constitutional by the U. S. Supreme Court in Utah v. Evans. Certain American citizens living overseas are specifically excluded from being counted in the even though they may vote. Only Americans living abroad who are Federal employees and their dependents living overseas with them are counted, private U. S. citizens living abroad who are not affiliated with the Federal government will not be included in the overseas counts. These overseas counts are used solely for reapportioning seats in the U. S, in the United States recent censuses, Census Day has been April 1. However, it was previously in August, as per instructions given to U. S. Marshals, All the questions refer to the day when the enumeration is to commence. Disadvantaged minorities are more likely to be undercounted. For example, the Census Bureau estimates that in 1970 over six percent of blacks went uncounted, democrats often argue that modern sampling techniques should be used so that more accurate and complete data can be inferred. Republicans often argue against such sampling techniques, stating the U. S, constitution requires an actual enumeration for apportionment of House seats, and that political appointees would be tempted to manipulate the sampling formulas. Although the sticker was unofficial and the results were not added to the census, she, in 2015 Laverne Cox called for transgender people to be counted in the census
16.
White Americans
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White Americans are Americans who are considered or reported as White. The United States Census Bureau defines White people as those having origins in any of the peoples of Europe. Like all official U. S. racial categories, White has a not Hispanic or Latino and a Hispanic or Latino component, the term Caucasian is often used interchangeably with White, although the terms are not synonymous. Whites constitute the majority, with a total of about 246,660,710, non-Hispanic Whites totaled about 197,870,516, or 62. 06% of the U. S. population. Definitions of who is White have changed throughout the history of the United States, the term White American can encompass many different ethnic groups. Although the United States Census purports to reflect a social definition of race, the 2000 U. S. census states that racial categories generally reflect a social definition of race recognized in this country. They do not conform to any biological, anthropological or genetic criteria, the Census Bureau defines White people as follows, White refers to a person having origins in any of the original peoples of Europe, the Middle East or North Africa. It includes people who indicated their race as White or reported entries such as Irish, German, Italian, Lebanese, Arab, Moroccan or Caucasian. In U. S. Hispanic and Latino Americans as a make up a racially diverse group. In cases where individuals do not self-identify, the U. S. census parameters for race give each national origin a racial value. Additionally, people who reported Muslim, Jewish, Zoroastrian, or Caucasian as their race in the Some other race section, the US Census considers the write-in response of Caucasian or Aryan to be a synonym for White in their ancestry code listing. In the contemporary United States, essentially anyone of European descent is considered White, the definition of White has changed significantly over the course of American history. Among Europeans those not considered White at some point in American history include Italians, Greeks, Spaniards, Irish, Swedes, Germans, Finns, Russians, early on in the United States, white generally referred to those of British ancestry or northern and northwestern European descent. David R. Roediger argues that the construction of the race in the United States was an effort to mentally distance slave owners from slaves. The process of officially being defined as white by law came about in court disputes over pursuit of citizenship. Scholars such as David Roediger, Paul Gilroy, and others have based some of their work on this notion, moreover, Whites tend to be disproportionately represented in powerful positions, controlling almost all political, economic, and cultural institutions. Whites made up 79. 8% or 75% of the American population in 2008 and this latter number is sometimes recorded as 77. 1% when it includes about 2% of the population who are identified as white in combination with one or more other races. The largest ethnic groups among White Americans were Germans, followed by Irish and English, White Americans are projected to remain the majority, though with their percentage decreasing to 72% of the total population by 2050
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White people
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White people is a racial classification specifier, used for people of Europid ancestry, with the exact implications dependent on context. The contemporary usage of people or a white race as a large group of populations contrasting with black, American Indian. It is today used as a racial classifier in multiracial societies, such as North Africa, United States. The term white race or white people entered the major European languages in the later 17th century, in the context of racialized slavery, description of populations as white in reference to their skin color predates this notion and is found in Greco-Roman ethnography and other ancient sources. Scholarship on race generally distinguishes the concept from pre-modern descriptions of collective difference. In the literature of the Ancient Near East and Classical Antiquity and we know that Egyptians were not oblivious to skin color, however, because artists paid attention to it in works of art, to the extent the pigments at the time permitted. Classicist James Dee states the Greeks do not describe themselves as white people—or as anything else because they had no word in their color vocabulary for themselves. Peoples skin color did not carry meaning, what mattered is where they lived. Religious conversion was sometimes described figuratively as a change in skin color, similarly, the Rigveda uses krsna tvac black skin as a metaphor for irreligiosity. The Ancient Egyptian funerary text known as the Book of Gates distinguishes four groups in a procession and these are the Egyptians, the Levantine/Canaanite peoples or Asiatics, the Nubians and the fair-skinned Libyans. The Egyptians are depicted as a reddish brown, the Nubians as black skinned, the Semites from the Levant and Canaan as light skinned. Herodotus described the Scythian Budini as having blue eyes and bright red hair. And the Egyptians – quite like the Colchians – as melánchroes and he also gives the possibly first reference to the common Greek name of the tribes living south of Egypt, otherwise known as Nubians, which was Aithíopes. Later Xenophon described the Aethiopians as black and the Persian troops as white compared to the skin of Greek troops. These color adjectives are found in contrast to the standard set by the own group. According to historian Irene Silverblatt, Race thinking … made social categories into racial truths, Alastair Bonnett argues that white identity, as it is presently conceived, is an American project, reflecting American interpretations of race and history. According to Gregory Jay, a professor of English at the University of Wisconsin–Milwaukee, Before the age of exploration, group differences were based on language, religion. … the European had always reacted a bit hysterically to the differences of skin color, in the 16th and 17th centuries, East Asian peoples were almost uniformly described as white, never as yellow
18.
European Americans
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European Americans are Americans with ancestry from Europe. The Spanish were the first Europeans to establish a presence in what is now the United States. Martín de Argüelles born 1566, St. Augustine, Spanish Florida, was the first known person of European descent born in what is now the United States. Twenty-one years later, Virginia Dare, born in 1587 on Roanoke Island in present-day North Carolina, was the first child born in the Thirteen Colonies to English parents. 8% of the total population, European Americans are included in the category of White. White is defined by the United States Census Bureau as a person having origins in any of the peoples of Europe. According to the US Census, European Americans are a subset of White Americans, the term Non-Hispanic White is often used as a proxy for European Americans, although that also includes a small fraction of peoples of Middle Eastern descent. In 1995, as part of a review of the Office of Management,15, a survey was conducted of census recipients to determine their preferred terminology for the racial/ethnic groups defined in the Directive. For the White group, European American came third, preferred by 2. 35% of panel interviewees, the term is used interchangeably with Caucasian American, White American, and Anglo American in many places around the United States. Also, whereas the terms White American and Caucasian American carry somewhat ambiguous definitions, depending on the speaker, European American has a specific definition. According to linguist Janet Bing, the term European American has increased a little in use, the term is used by some to emphasize the European cultural and geographical ancestral origins of Americans, in the same way as is done for African Americans and Asian Americans. A European American awareness is still notable because 90% of the classified as white in the U. S. Census knew their European ancestry. Historically, the concept of an American originated in the United States as a person of European ancestry, thus excluding African Americans, as a linguistic concern, the term is sometimes meant to discourage a dichotomous view of the racial landscape between the white category and everyone else. Margo Adair suggests that the recognition of specific European American ancestries allows certain Americans to become aware that they come from a variety of different cultures, since 1607, some 57 million immigrants have come to the United States from other lands. Approximately 10 million passed through on their way to other place or returned to their original homelands. Prior to 1960, the majority came from Europe or European descent from Canada. In 1960 for example,75. 0% of foreign-born population in the United States came from the region of Europe. Before 1881, the vast majority of immigrants, almost 86% of the total, arrived from northwest Europe, principally Great Britain, Ireland, Germany, the years between 1881 and 1893 the pattern shifted, in the sources of U. S. Between 1894 and 1914, immigrants from southern, central, some people of colonial stock, especially in the Mid-Atlantic states, are also of Dutch, German and Flemish descent
19.
Educational attainment in the United States
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The educational attainment of the U. S. As a whole, the population of the United States is spending more years in formal educational programs, as with income, levels differ by race, age, household configuration and geography. Overall the households and demographics featuring the highest educational attainment in the United States are also among those with the highest household income, thus, while the population as a whole is proceeding further in formal educational programs, income and educational attainment remain highly correlated. In 2003, the percentage of the population who had completed high school or had not completed high school but obtained a GED increased for the first time since 2000. This increase follows a trend that the Current Population Survey has shown since educational attainment was first measured in 1947. Since 1983 the percentage of people either graduating from school or failing to complete high school. The greatest increases in educational attainment were documented in the 1950s, 60s and 70s, in the 1950s and much of the 1960s high school graduates constituted about 50% of those considered adults. For young adults aged between 25 and 29, the percentage of high school graduates or GED obtainers was roughly 50% in 1950 versus 90% today. For the past fifty years, there has been a gap in the achievement of males and females in the United States. In the 1970s and 1980s, data showed girls trailing behind boys in a variety of performance measures, specifically in test scores in math. Traditionally, girls have outperformed boys in reading and writing, although this gap may be minimal in kindergarten, it grows as students continue their education. On the 2008 test, female students continued to have higher average reading scores than students at all three ages. The gap between male and female 4th graders was 7 points in 2008, by 12th grade, there was an 11-point gap between males and females. On the 2002 National Writing Assessment, boys scored on average 17 points lower than girls in 4th grade, the average gap increased to 21 points by 8th grade and widened to 24 points by senior year in high school. In the more recent 2007 National Assessment of Writing Skills, female students continued to score higher than male students, the average score for female eighth-graders was 20 points higher than males, down 1 point from the 2002 score. For twelfth-graders, females outscored males by 18 points as opposed to 24 points in 2002, all of these assessments were conducted on a 100-point scale. Overall, women have surpassed men in terms of completing secondary and post-secondary education with the gender gap almost completely reversed, in 2006,10. 3% of males and 8. 3% of females dropped out of high school. In 2005/2006, women earned 62% of associate degrees, 58% of bachelors degrees,60. 0% of masters degrees, according to recent data,55 percent of college students are females and 45 percent are males
20.
Doctor of Medicine
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The Doctor of Medicine is a terminal medical degree for practitioners of medicine. The meaning of the varies between different countries. In countries that follow the United States system, the M. D. denotes a first professional degree awarded upon initial graduation from medical school. In those countries, the title of the equivalent first professional degree is Bachelor of Medicine, in 1703, the University of Glasgows first medical graduate, Samuel Benion, was issued with the academic degree of Doctor of Medicine. North American medical schools switched to the tradition of the ancient universities of Scotland, the Columbia University College of Physicians and Surgeons in New York was the first American university to grant the MD degree instead of the MB. Early medical schools in North America that granted the Doctor of Medicine degrees were Columbia, Penn, Harvard, Maryland and these first few North American medical schools that were established were founded by physicians and surgeons who had been trained in England and Scotland. A feminine form, Doctress of Medicine or Medicinae Doctrix, has also used by the New England Female Medical College in Boston in the 1860s. The MD degree is earned in four years. Following the awarding of the MD, physicians who wish to practice in the United States are required to complete at least one internship year and those who wish to further specialize in areas such as cardiology or interventional radiology then complete a fellowship. Depending upon the chosen field, residencies and fellowships involve an additional three to eight years of training after obtaining the MD. This can be lengthened with additional research years, which can last one, the Doctor of Osteopathic Medicine or DO degree allows similar practice in the United States and Canada to the M. D. degree and Doctor of Osteopathic Medicine are fully licensed physicians. The M. D. degree is awarded only by the 137 Medical Schools in the United States, similarly, M. D. s must attend M. D. rated residency and fellowship programs while D. O. s can attend either type of program. The American M. D. degree is recognized by most countries in the world. While the D. O. degree is getting more widely accepted in countries as fully licensed physicians. In Canada, the MD is the medical degree required to practice medicine. McGill University Faculty of Medicine is the medical school in Canada that continues to award the MD. MDCM is from the Latin Medicinae Doctorem et Chirurgiae Magistrum meaning doctor of medicine, upon graduation, students enter into a residency phase of training. Combined medical and research training is offered through programs granting MD-PhD, the National Institutes of Health through its Medical Scientist Training Program funds MD-PhD training programs at many universities
21.
Juris Doctor
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The Juris Doctor degree, also known as the Doctor of Jurisprudence degree, is a graduate-entry professional degree in law and one of several Doctor of Law degrees. It is earned by completing law school in Australia, Canada and the United States and it has the academic standing of a second-entry, professional baccalaureate degree in Canada, a masters degree in Australia and a professional doctorate in the United States. The degree was first awarded in the United States in the early 20th century and was created as a version of the old European doctor of law degree. Originating from the 19th century Harvard movement for the study of law. It involves a program in most jurisdictions. To be authorized to practice law in the courts of a state in the United States. Lawyers must, however, be admitted to the bar of the court before they are authorized to practice in that court. Admission to the bar of a district court includes admission to the bar of the related bankruptcy court. In the United States, the doctorate in law may be conferred in Latin or in English, as Juris Doctor and at some law schools Doctor of Law. Juris Doctor literally means Teacher of Law, while the Latin for Doctor of Jurisprudence—Jurisprudentiae Doctor—literally means Teacher of Legal Knowledge, the J. D. is not to be confused with Doctor of Laws or Legum Doctor. In institutions where the latter can be earned, e. g. D, the LL. D. is invariably an honorary degree in the United States. The first university in Europe, the University of Bologna, was founded as a school of law by four famous legal scholars in the 11th century who were students of the school in that city. This served as the model for law schools of the Middle Ages. While Bologna granted only doctorates, preparatory degrees were introduced in Paris, the nature of the J. D. can be better understood by a review of the context of the history of legal education in England. The teaching of law at Cambridge and Oxford Universities was mainly for philosophical or scholarly purposes, the universities taught only civil and canon law but not the common law that applied in most jurisdictions. The original method of education at the Inns of Court was a mix of moot court-like practice and lecture, by the fifteenth century, the Inns functioned like a university akin to the University of Oxford and the University of Cambridge, though very specialized in purpose. With the frequent absence of parties to suits during the Crusades, the importance of the role grew tremendously. The apprenticeship program for solicitors thus emerged, structured and governed by the rules as the apprenticeship programs for the trades
22.
Veterinary physician
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In many cases, the activities that may be undertaken by a veterinarian are restricted only to those professionals who are registered as a veterinarian. Most veterinary physicians work in clinical settings, treating animals directly, as with other healthcare professionals, veterinarians face ethical decisions about the care of their patients. The word veterinary comes from the Latin veterinae meaning working animals, Veterinarian was first used in print by Thomas Browne in 1646. The first veterinary college was founded in Lyon, France in 1762 by Claude Bourgelat, according to Lupton, after observing the devastation being caused by cattle plague to the French herds, Bourgelat devoted his time to seeking out a remedy. The Odiham Agricultural Society was founded in 1783 in England to promote agriculture and industry, a 1785 Society meeting resolved to promote the study of Farriery upon rational scientific principles. The Royal College of Veterinary Surgeons was established by charter in 1844. Veterinary science came of age in the late 19th century, with contributions from Sir John McFadyean. Veterinarians treat disease, disorder or injury in animals, which includes diagnosis, treatment, the scope of practice, specialty and experience of the individual veterinarian will dictate exactly what interventions they perform, but most will perform surgery. Unlike in human medicine, veterinarians must rely primarily on clinical signs, additionally, there are scenarios where euthanasia is considered due to the constrains of the clients finances. As with human medicine, much work is concerned with prophylactic treatment. Common interventions include vaccination against common illnesses, such as distemper or rabies. This may also involve owner education so as to future medical or behavioral issues. Additionally veterinarians have important roles in health and the prevention of zoonoses. The majority of veterinarians are employed in private practice treating animals, small animal veterinarians typically work in veterinary clinics, veterinary hospitals, or both. Large animal veterinarians often spend time travelling to see their patients at the primary facilities which house them. Other employers include charities treating animals, colleges of medicine, research laboratories, animal food companies. In many countries, the government may also be an employer of veterinarians. State and local governments also employ veterinarians, Veterinarians and their practices may be specialized in certain areas of veterinary medicine
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Postgraduate education
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In North America, this level is generally referred to as graduate school. The organization and structure of education varies in different countries. This article outlines the types of courses and of teaching and examination methods. There are two types of degrees studied for at the postgraduate level, academic and vocational degrees. The term degree in this means the moving from one stage or level to another. University studies took six years for a degree and up to twelve additional years for a masters degree or doctorate. The first six years taught the faculty of the arts, which was the study of the seven liberal arts, arithmetic, geometry, astronomy, music theory, grammar, logic, the main emphasis was on logic. Once a Bachelor of Arts degree had been obtained, the student could choose one of three faculties—law, medicine, or theology—in which to pursue masters or doctors degrees. Because theology was thought to be the highest of the subjects, the main significance of the higher, postgraduate degrees was that they licensed the holder to teach. In most countries, the hierarchy of postgraduate degrees is as follows, in Scottish Universities, the Master of Philosophy degree tends to be by research or higher masters degree and the Master of Letters degree tends to be the taught or lower masters degree. In many fields such as social work, or library science in North America. Professional degrees such as the Master of Architecture degree can last to three and a years to satisfy professional requirement to be an architect. Professional degrees such as the Master of Business Administration degree can last up to two years to satisfy the requirement to become a business leader. These are often divided into academic and professional doctorates. An academic doctorate can be awarded as a Doctor of Philosophy degree or as a Doctor of Science degree, a doctorate is the terminal degree in most fields. In the United States, there is distinction between a Doctor of Philosophy degree and a Doctor of Science degree. In the second half of the 19th century, however, US universities began to follow the European model by awarding doctorates, in the UK, an equivalent formation to doctorate is the NVQ5 or QCF8. Most universities award degrees, usually at the postgraduate level
24.
Median income
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Median income is the amount that divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income is the amount obtained by dividing the total income of a group by the number of units in that group. Median income can be calculated by household income, by personal income, in 2013, Gallup published a list of countries with median household income, based on a self-reported survey of approximately 1000 adults from each country. The figures are in international dollars using purchasing power parity and are based on responses from at least 2,000 adults in each country, below is a list of the top 30 countries. The figures do not take taxes and social contributions into account, a study on the Census income data claims that when correcting for underreporting, U. S. gross median household income was $57,739 in 2010. The annual median equivalence disposable household income for selected OECD countries is shown in the table below and this is the disposable income of an equivalent adult in a household in the middle of the income distribution in a year. Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year, an academic study on the Census income data claims that when correcting for underreporting, U. S. gross median household income was 15% higher in 2010. The OECD uses the Census ASEC as its source for the US Since 1980, U. S. gross domestic product per capita has increased 67%, Median household income is a politically sensitive indicator. Voters can be critical of their government if they perceive that their cost of living is rising faster than their income, figure 1 shows how American incomes have changed since 1970. The last recession was the early 2000s recession and was started with the bursting of the dot-com bubble and it affected most advanced economies including the European Union, Japan and the United States. An economic recession will normally cause household incomes to decrease, often by as much as 10%, the Late-2000s recession began with the bursting of the U. S. housing bubble, which caused a problem in the dangerously exposed sub prime-mortgage market. This in turn triggered a financial crisis. In constant price,2011 American median household income was 1. 13% lower than what it was in 1989 and this corresponds to a 0. 05% annual decrease over a 22-year period. In the mean time, GDP per capita has increased by 33. 8% or 1. 33% annually, a comparison between Median Equivalised Household Income and GDP per Capita in USD for select developed countries is shown in the chart below. In 2015, the household income spiked 5.2 percent, reaching $56,000. List of countries by average wage List of U. S
25.
Economic inequality
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Economic inequality is the difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries. Economic inequality is sometimes called income inequality, wealth inequality, or the wealth gap, economists generally focus on economic disparity in three metrics, wealth, income, and consumption. The issue of inequality is relevant to notions of equity, equality of outcome. Economic inequality varies between societies, historical periods, economic structures and systems, the term can refer to cross-sectional distribution of income or wealth at any particular period, or to changes of income and wealth over longer periods of time. There are various numerical indices for measuring economic inequality, a widely used index is the Gini coefficient, but there are also many other methods. Some studies say economic inequality is a problem, for example too much inequality can be destructive. However, too much income equality is also destructive since it decreases the incentive for productivity, the first set of income distribution statistics for the United States covering the period from was published in 1952 by Simon Kuznets, Shares of Upper Income Groups in Income and Savings. It relied on US federal income tax returns and Kuznets’s own estimates of US national income, National Income, economists generally consider three metrics of economic dispersion, wealth, income, and consumption. A skilled professional may have low wealth and low income as student, low wealth and high earnings in the beginning of the career, peoples preferences determine whether they consume earnings immediately or defer consumption to the future. The distinction is important at the level of economy, There are economies with high income inequality. There are economies with low income inequality and high wealth inequality. There are different ways to measure income inequality and wealth inequality, Different choices lead to different results. g. Annual wages, including wages from part-time work or work during only part of the year, individual earnings inequality among all workers – Includes the self-employed. Individual earnings inequality among the entire working-age population – Includes those who are inactive, e. g. students, unemployed, early pensioners, household earnings inequality – Includes the earnings of all household members. Household market income inequality – Includes incomes from capital, savings, household disposable income inequality – Includes public cash transfers received and direct taxes paid. Household adjusted disposable income inequality – Includes publicly provided services, There are many challenges in comparing data between economies, or in a single economy in different years. Examples of challenges include, Data can be based on joint taxation of couples or individual taxation, the tax authorities generally only collect information on income that is potentially taxable. The precise definition of income varies from country to country
26.
Bachelor's degree
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A bachelors degree or baccalaureate is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years. In some institutions and educational systems, some bachelors degrees can only be taken as graduate or postgraduate degrees after a first degree has been completed. The term bachelor in the 12th century referred to a knight bachelor, by the end of the 13th century, it was also used by junior members of guilds or universities. By folk etymology or wordplay, the word came to be associated with bacca lauri in reference to laurels being awarded for academic success or honours. An honours degree generally requires an academic standard than a pass degree. In most African countries, the university systems follow the model of their former colonizing power, for example, the Nigerian university system is similar to the British system, while the Ivorian system is akin to the French. The degree is typically identical to the program of Frances universities, bachelors degree programs cover most of the fields in Algerian universities, except some fields, such as Medicine and Pharmaceutical Science. Bachelors degrees at the University of Botswana normally take four years, the system draws on both British and American models. Degrees are classified as First Class, Second Class Division One, Second Class Division Two and Third as in English degrees, but without being described as honours. The main degrees are named by British tradition, but in recent years there have been a numbers of degrees named after specific subjects, such as Bachelor of Library, in Morocco, a bachelors degree is referred to as al-ʾijāzah. The course of study takes three years, which are divided into two cycles. The first cycle comprises the first, or propaedeutic, year, after successfully completing their first two years, students can pursue either theoretical specialization or professional specialization. The second cycle is one long, after whose completion students receive the licence détudes fondamentales or the licence professionnelle. This academic degree system was introduced in September 2003, University admission is extremely competitive, with attendant advantages and disadvantages. Nonetheless, it takes four to five years to complete a bachelors degree, in cases of poor performance, the time limit is double the standard amount of time. For example, one may not study for more than 10 years for a five-year course, students are normally asked to leave if they must take longer. B. Arch. and other specialized undergraduate degrees, such as B. Eng, Science undergraduate degrees may require six months or a semester dedicated to SIWES but it is usually mandatory for all engineering degrees. A semester for project work/thesis is required, not excluding course work, the classifications of degrees, first-class, second-class, third-class and a pass
27.
Baby boomers
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Baby boomers are the demographic group born during the post–World War II baby boom, approximately between the years 1946 and 1964. This includes people who are between 53 and 71 years old in 2017, according to the U. S. Census Bureau. However, according to the Strauss–Howe generational theory, baby boomers are defined as people born between 1943 and 1960, which would include people who are between 57 and 74 years old in 2017. The term baby boomer is also used in a cultural context, different people, organizations, and scholars have varying opinions on who is a baby boomer, both technically and culturally. Baby boomers are associated with a rejection or redefinition of traditional values, many commentators, however, have disputed the extent of that rejection, noting the widespread continuity of values with older and younger generations. In Europe and North America, boomers are associated with privilege, as many grew up in a time of widespread government subsidies in post-war housing and education. The increased consumerism for this generation has been criticized as excessive. One feature of the boomers was that they have tended to think of themselves as a special generation, very different from those that had come before. This rhetoric had an important impact in the perceptions of the boomers, as well as their tendency to define the world in terms of generations. The baby boom has been described variously as a shockwave and as the pig in the python, the term Generation Jones is sometimes used to describe those born between 1954 and 1965. The term is used to refer to the later half of the Baby boomer cohort. The phrase baby boom refers to a increase in the birth rate. According to the Oxford English Dictionary, the first recorded use of baby boomer is from 1970 in an article in The Washington Post, various authors have delimited the baby boom period differently. The United States Census Bureau considers a baby boomer to be born during the demographic birth boom between 1946 and 1964. This group represents more than half of the generation, or roughly 38,002,000 people of all races. The other half of the generation was born between 1956 and 1964 and these monikers include, but are not limited to, golden boomers, generation Jones, alpha boomers, hippies, yippies, yuppies, zoomers, and cuspers. In Ontario, Canada, one attempt to define the boom came from David Foot, author of Boom, Bust and Echo and he defines a Canadian boomer as someone born from 1947 to 1966, the years that more than 400,000 babies were born. However, he acknowledges that is a definition, and that culturally it may not be as clear-cut
28.
Race (human categorization)
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Race is the classification of humans into groups based on physical traits, ancestry, genetics, or social relations, or the relations between them. First used to refer to speakers of a language and then to denote national affiliations. The term was used in a general biological taxonomic sense, starting from the 19th century. Social conceptions and groupings of races vary over time, involving folk taxonomies that define essential types of individuals based on perceived traits, scientists consider biological essentialism obsolete, and generally discourage racial explanations for collective differentiation in both physical and behavioral traits. Although still used in contexts, race has often been replaced by less ambiguous and emotionally charged synonyms, populations, people, ethnic groups, or communities. A popular view in American sociology is that the categories that are common in everyday usage are socially constructed. For this reason, there is no current consensus about whether racial categories can be considered to have significance for understanding human genetic variation, when people define and talk about a particular conception of race, they create a social reality through which social categorization is achieved. In this sense, races are said to be social constructs and these constructs develop within various legal, economic, and sociopolitical contexts, and may be the effect, rather than the cause, of major social situations. Socioeconomic factors, in combination with early but enduring views of race, have led to considerable suffering within disadvantaged racial groups, as a result, racial groups possessing relatively little power often find themselves excluded or oppressed, while hegemonic individuals and institutions are charged with holding racist attitudes. Racism has led to instances of tragedy, including slavery. In some countries, law enforcement uses race to profile suspects and this use of racial categories is frequently criticized for perpetuating an outmoded understanding of human biological variation, and promoting stereotypes. Because in some societies racial groupings correspond closely with patterns of stratification, for social scientists studying social inequality. As sociological factors, racial categories may in part reflect subjective attributions, self-identities, accordingly, the racial paradigms employed in different disciplines vary in their emphasis on biological reduction as contrasted with societal construction. Groups of humans have identified themselves as distinct from neighboring groups. These features are the features of how the concept of race is used today. As Europeans encountered people from different parts of the world, they speculated about the physical, social, a set of folk beliefs took hold that linked inherited physical differences between groups to inherited intellectual, behavioral, and moral qualities. Brutal conflicts between groups have existed throughout history and across the world. In the 18th century the differences among human groups became a focus of scientific investigation, Homo sapiens europaeus was described as active, acute, and adventurous, whereas Homo sapiens afer was said to be crafty, lazy, and careless
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Geography
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Geography is a field of science devoted to the study of the lands, the features, the inhabitants, and the phenomena of Earth. The first person to use the word γεωγραφία was Eratosthenes, Geography is an all-encompassing discipline that seeks an understanding of the Earth and its human and natural complexities—not merely where objects are, but how they have changed and come to be. It is often defined in terms of the two branches of geography and physical geography. Geography has been called the world discipline and the bridge between the human and the physical sciences, Geography is a systematic study of the Earth and its features. Traditionally, geography has been associated with cartography and place names, although many geographers are trained in toponymy and cartology, this is not their main preoccupation. Geographers study the space and the temporal database distribution of phenomena, processes, because space and place affect a variety of topics, such as economics, health, climate, plants and animals, geography is highly interdisciplinary. The interdisciplinary nature of the approach depends on an attentiveness to the relationship between physical and human phenomena and its spatial patterns. Names of places. are not geography. know by heart a whole gazetteer full of them would not, in itself and this is a description of the world—that is Geography. In a word Geography is a Science—a thing not of mere names but of argument and reason, of cause, just as all phenomena exist in time and thus have a history, they also exist in space and have a geography. Geography as a discipline can be split broadly into two main fields, human geography and physical geography. The former largely focuses on the environment and how humans create, view, manage. The latter examines the environment, and how organisms, climate, soil, water. The difference between these led to a third field, environmental geography, which combines physical and human geography. Physical geography focuses on geography as an Earth science and it aims to understand the physical problems and the issues of lithosphere, hydrosphere, atmosphere, pedosphere, and global flora and fauna patterns. Physical geography can be divided into broad categories, including, Human geography is a branch of geography that focuses on the study of patterns. It encompasses the human, political, cultural, social, and it requires an understanding of the traditional aspects of physical and human geography, as well as the ways that human societies conceptualize the environment. Integrated geography has emerged as a bridge between the human and the geography, as a result of the increasing specialisation of the two sub-fields. Examples of areas of research in the environmental geography include, emergency management, environmental management, sustainability, geomatics is concerned with the application of computers to the traditional spatial techniques used in cartography and topography
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Maryland
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The states largest city is Baltimore, and its capital is Annapolis. Among its occasional nicknames are Old Line State, the Free State, the state is named after Henrietta Maria of France, the wife of Charles I of England. George Calvert was the first Lord of Baltimore and the first English proprietor of the colonial grant. Maryland was the state to ratify the United States Constitution. Maryland is one of the smallest U. S. states in terms of area, as well as one of the most densely populated, Maryland has an area of 12,406.68 square miles and is comparable in overall area with Belgium. It is the 42nd largest and 9th smallest state and is closest in size to the state of Hawaii, the next largest state, its neighbor West Virginia, is almost twice the size of Maryland. Maryland possesses a variety of topography within its borders, contributing to its nickname America in Miniature. The mid-portion of this border is interrupted by Washington, D. C. which sits on land that was part of Montgomery and Prince Georges counties and including the town of Georgetown. This land was ceded to the United States Federal Government in 1790 to form the District of Columbia, the Chesapeake Bay nearly bisects the state and the counties east of the bay are known collectively as the Eastern Shore. Close to the town of Hancock, in western Maryland, about two-thirds of the way across the state. This geographical curiosity makes Maryland the narrowest state, bordered by the Mason–Dixon line to the north, portions of Maryland are included in various official and unofficial geographic regions. Much of the Baltimore–Washington corridor lies just south of the Piedmont in the Coastal Plain, earthquakes in Maryland are infrequent and small due to the states distance from seismic/earthquake zones. The M5.8 Virginia earthquake in 2011 was felt moderately throughout Maryland, buildings in the state are not well-designed for earthquakes and can suffer damage easily. The lack of any glacial history accounts for the scarcity of Marylands natural lakes, laurel Oxbow Lake is an over one-hundred-year-old 55-acre natural lake two miles north of Maryland City and adjacent to Russett. Chews Lake is a natural lake two miles south-southeast of Upper Marlboro. There are numerous lakes, the largest of them being the Deep Creek Lake. Maryland has shale formations containing natural gas, where fracking is theoretically possible, as is typical of states on the East Coast, Marylands plant life is abundant and healthy. Middle Atlantic coastal forests, typical of the southeastern Atlantic coastal plain, grow around Chesapeake Bay, moving west, a mixture of Northeastern coastal forests and Southeastern mixed forests cover the central part of the state
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New Jersey
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New Jersey is a state in the Northeastern and mid-Atlantic regions of the United States. It is bordered on the north and east by New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania, New Jersey is the fourth-smallest state but the 11th-most populous and the most densely populated of the 50 United States. New Jersey lies entirely within the statistical areas of New York City. New Jersey was inhabited by Native Americans for more than 2,800 years, in the early 17th century, the Dutch and the Swedes made the first European settlements. New Jersey was the site of decisive battles during the American Revolutionary War in the 18th century. In the 19th century, factories in cities such as Camden, Paterson, Newark, Trenton, around 180 million years ago, during the Jurassic Period, New Jersey bordered North Africa. The pressure of the collision between North America and Africa gave rise to the Appalachian Mountains, around 18,000 years ago, the Ice Age resulted in glaciers that reached New Jersey. As the glaciers retreated, they left behind Lake Passaic, as well as rivers, swamps. New Jersey was originally settled by Native Americans, with the Lenni-Lenape being dominant at the time of contact, scheyichbi is the Lenape name for the land that is now New Jersey. The Lenape society was divided into clans that were based upon common female ancestors. These clans were organized into three distinct phratries identified by their animal sign, Turtle, Turkey, and Wolf and they first encountered the Dutch in the early 17th century, and their primary relationship with the Europeans was through fur trade. The Dutch became the first Europeans to lay claim to lands in New Jersey, the Dutch colony of New Netherland consisted of parts of modern Middle Atlantic states. Although the European principle of ownership was not recognized by the Lenape. The first to do so was Michiel Pauw who established a patronship called Pavonia in 1630 along the North River which eventually became the Bergen, peter Minuits purchase of lands along the Delaware River established the colony of New Sweden. During the English Civil War, the Channel Island of Jersey remained loyal to the British Crown and it was from the Royal Square in St. Helier that Charles II of England was proclaimed King in 1649, following the execution of his father, Charles I. The North American lands were divided by Charles II, who gave his brother, the Duke of York, the region between New England and Maryland as a proprietary colony. James then granted the land between the Hudson River and the Delaware River to two friends who had remained loyal through the English Civil War, Sir George Carteret and Lord Berkeley of Stratton, the area was named the Province of New Jersey. Since the states inception, New Jersey has been characterized by ethnic, New England Congregationalists settled alongside Scots Presbyterians and Dutch Reformed migrants
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Alaska
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Alaska is a U. S. state located in the northwest extremity of North America. To the north are the Chukchi and Beaufort seas–the southern parts of the Arctic Ocean, the Pacific Ocean lies to the south and southwest. Alaska is the largest state in the United States by area, the 3rd least populous, approximately half of Alaskas residents live within the Anchorage metropolitan area. Alaskas economy is dominated by the fishing, natural gas, military bases and tourism are also a significant part of the economy. The United States purchased Alaska from the Russian Empire on March 30,1867, the area went through several administrative changes before becoming organized as a territory on May 11,1912. It was admitted as the 49th state of the U. S. on January 3,1959, the name Alaska was introduced in the Russian colonial period when it was used to refer to the peninsula. It was derived from an Aleut, or Unangam idiom, which refers to the mainland of Alaska. Literally, it means object to which the action of the sea is directed, Alaska is the northernmost and westernmost state in the United States and has the most easterly longitude in the United States because the Aleutian Islands extend into the Eastern Hemisphere. Alaska is the only non-contiguous U. S. state on continental North America and it is technically part of the continental U. S. but is sometimes not included in colloquial use, Alaska is not part of the contiguous U. S. often called the Lower 48. The capital city, Juneau, is situated on the mainland of the North American continent but is not connected by road to the rest of the North American highway system. Alaskas territorial waters touch Russias territorial waters in the Bering Strait, as the Russian Big Diomede Island, Alaska has a longer coastline than all the other U. S. states combined. Alaska is the largest state in the United States by total area at 663,268 square miles, over twice the size of Texas, Alaska is larger than all but 18 sovereign countries. Counting territorial waters, Alaska is larger than the area of the next three largest states, Texas, California, and Montana. It is also larger than the area of the 22 smallest U. S. states. Also referred to as the Panhandle or Inside Passage, this is the region of Alaska closest to the rest of the United States, as such, this was where most of the initial non-indigenous settlement occurred in the years following the Alaska Purchase. The region is dominated by the Alexander Archipelago as well as the Tongass National Forest and it contains the state capital Juneau, the former capital Sitka, and Ketchikan, at one time Alaskas largest city. The Alaska Marine Highway provides a vital transportation link throughout the area. The Interior is the largest region of Alaska, much of it is uninhabited wilderness, Fairbanks is the only large city in the region
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Northeastern United States
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The Northeast is one of the four regions defined by the Census Bureau for the collection and analysis of statistics. The Census Bureau-defined region has an area of 181,324 sq mi with 162,257 square miles of that being land mass. Though lacking a unified identity, the Northeastern region is the nations most economically developed, densely populated. Of the nations four census regions, the Northeast is the second most urban, with 85 percent of its residing in urban areas. The region is subdivided into New England and the Mid-Atlantic States and this definition has been essentially unchanged since 1880 and is widely used as a standard for data tabulation. C. Similarly, the Geological Society of America defines the Northeast as these same states but with the addition of Maryland, the narrowest definitions include only the states of New England. Other more restrictive definitions include New England and New York as part of the Northeast United States, States beyond the Census Bureau definition that other entities include in the Northeast United States are, Delaware, Maryland, and Washington, D. C. Delaware, Maryland, Washington, D. C. and West Virginia Delaware, Maryland, Washington, most did not settle in North America until the 17th century. Among the many tribes that inhabited this area were those made up the Iroquois nations. In the United States of the 21st century,18 federally recognized tribes reside in the Northeast, the two cultural and geographic regions that form parts of the Northeastern region have distinct histories. The first Europeans to settle New England were Pilgrims from England, the Pilgrims arrived by the Mayflower ship and founded Plymouth Colony so they could practice religion freely. Ten years later, a group of Puritans settled north of Plymouth Colony in Boston to form Massachusetts Bay Colony. In 1636, colonists established Connecticut Colony and Providence Plantations, Providence was founded by Roger Williams, who was banished by Massachusetts for his beliefs in freedom of religion, and it was the first colony to guarantee all citizens freedom of worship. Anne Hutchinson, who was banished by Massachusetts, formed the town of Portsmouth. Providence, Portsmouth, and two towns consolidated to form the Colony of Rhode Island and Providence Plantations. Although the first settlers of New England were motivated by religion, in recent history. In a 2009 Gallup survey, less than half of residents in Vermont, New Hampshire, Maine, and Massachusetts reported religion as an important part of their daily life. In a 2010 Gallup survey, less than 30% of residents in Vermont, New Hampshire, Maine, New England played a prominent role in early American education
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