1. Individuals in the top 1% of the income distribution in the United States earn a much greater proportion of total income from capital income -- dividends, rents, and capital gains -- than do those in the bottom 99%.

True or False

2. If everyone went to college, class differences would largely disappear.

True or False

3. Capital income is income flowing from our nation's capital, Washington, DC., hence it is income from government.

True or False

4. Social class is solely a function of income in the United States.

True or False

5. Social class has become increasingly unimportant in the "new economy" in the U.S.

True or False

Give explanation