People's incomes are relatively low when they are young, reach a peak in middle age, and then decline.This fact helps explain
A) the wide variations of Gini ratios among nations.
B) the equality-efficiency trade-off.
C) why the lifetime distribution of income is more equal than the distribution in any given year.
D) why the lifetime distribution of income is less equal than the distribution in any given year.
Correct Answer:
Verified
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