Which of the following best explains the relationship between wealth and income?
A) Although income is influenced by race, education, and age, wealth is independent of these variables.
B) Wealthy people almost always inherit their money; thus, there is no relationship between wealth and income.
C) The same factors that limit people's incomes also limit their ability to accumulate wealth.
D) Income inequality has increased in the past three decades, whereas wealth inequality has decreased.
Correct Answer:
Verified
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