Measured annual income inequality overstates actual lifetime inequality because
A) homeless people are not always counted.
B) people differ in the amount of education they have attained.
C) poverty levels vary across states.
D) different households are in different stages in the life cycle.
E) people tend to overstate their incomes.
Correct Answer:
Verified
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A) cannot change
A) vertical.
B) horizontal.
C) upward sloping.
D)
