Suppose that Jane earns $10,000 in year 1 and $15,000 in year 2, while Jim earns $15,000 in year 1 and $10,000 in year 2. Is there income equality for the two individuals?
A) The annual data indicate equality, but the two-year data indicate inequality.
B) The annual data indicate inequality, but the two-year data indicate equality.
C) Both the annual and the two-year data indicate equality.
D) Both the annual and the two-year data indicate inequality.
Correct Answer:
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