In looking at the distribution of income provided by quintile statistics and the Lorenz curve, it must be kept in mind that
A) all individuals with high incomes have a lot of wealth, whereas all individuals with low incomes have very little wealth.
B) those who are poor generally stay poor, and those who are rich generally stay rich.
C) there has been no change in the distribution of income in the United States over the past 20 years.
D) when families split up, the two new families formed move into lower quintiles in terms of income.
E) income per person is being measured.
Correct Answer:
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