Assuming the current rate of economic growth continues, the average parent of a college student will have a lifetime income ________ that of his or her son or daughter.
A) ten times
B) half
C) about the same as
D) five times
E) about twice

Question

Quizplus · Accepted Answer

This question tests understanding of the concept of intergenerational income mobility. The statement assumes that the current rate of economic growth will continue, which implies that income levels will remain proportional across generations. If we assume this to be true, the average college student's lifetime income would be similar to that of their parents, so the answer is "about the same as" (choice C) rather than any of the other options. However, it is important to note that actual intergenerational income mobility can vary depending on factors such as education, access to opportunities, and economic policy.

Assuming the Current Rate of Economic Growth Continues, the Average