In the United States, the lifetime distribution of income is more equal than the annual distribution. This statement is
A) true because the rich have gotten richer and the poor have gotten poorer.
B) true because there is considerable income mobility over time.
C) false because people tend to stay in the same income quintile over extended periods of time.
D) false because the rich have gotten richer and the poor have gotten poorer.
Correct Answer:
Verified
Q17: Income mobility
A) contributes to greater wealth inequality
Q18: The lowest quintile of households in the
Q19: Suppose the members of population A, consisting
Q20: Which of the following Gini ratios indicates
Q21: The distribution of wealth in the United
Q23: Wealth in the United States is
A) distributed
Q24: Which is correct?
A) Wealth is less equally
Q25: Income
A) is a stock concept.
B) consists of
Q26: Wealth
A) is a flow concept.
B) refers to
Q27: In the United States,
A) taxes decrease, but
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