As a group, people with high incomes are likely to have
A)greater-than-average family inheritances and greater than average SAT scores.
B)greater-than-average holdings of stocks and bonds and lower-than-average productivity.
C)greater-than-average productivity and greater-than-average amounts of capital.
D)a stable marriage and no children.

Question

Quizplus · Accepted Answer

People with high incomes generally have a higher level of education and skills that make them more productive. Additionally, they may have accumulated capital (such as savings, investments, and property) over time, further increasing their income. Holding stocks and bonds may also contribute to their wealth, but productivity and capital are likely to be more significant factors. Inheritances and SAT scores may be associated with high incomes in some cases, but they are not as consistently correlated as productivity and capital. The presence or absence of marriage and children is not a reliable indicator of income level.

As a Group, People with High Incomes Are Likely to Have