Suppose the data show that each year between 1964 and 2019, 10 percent of all income earners (in the United States) earned a low enough income to be considered poor. It follows that
A) the person who was part of the 10 percent poor in 1964 was also part of the 10 percent poor in 2019.
B) the person who was part of the 10 percent poor in 1964 may or may not be part of the 10 percent poor in 2019.
C) there is no upward income mobility in the United States.
D) the income distribution in the United States (during this period of time) was unequal.
E) b and d
Correct Answer:
Verified
Q58: Which of the following was not given
Q59: Exhibit 28-1 Q60: Exhibit 28-1 Q61: The Gini coefficient measures the degree of Q62: In 2015, the lowest 20 percent of Q64: Economists often assert that a person who Q65: When the actual Lorenz curve is a Q66: If the Gini coefficient is zero (0), Q67: A Gini coefficient of zero means there Q68: When the actual Lorenz curve is as
![]()
![]()
A)racial
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents