Economic mobility refers to the ability of individuals or households to move up or down in income or wealth levels over time. It is typically measured by looking at changes in real income or wealth levels over time. Therefore, option C is the most appropriate choice as it focuses on the growth in real variables of an economy which is one of the factors that influences economic mobility.

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Economic Mobility

Question 7

Multiple Choice

Economic mobility

A) is measured taking into consideration the nominal gross domestic product.
B) gives a detailed description about the distribution of income in an economy.
C) focusses on the growth in real variables of an economy
D) shows how the exports of a country exceed its imports.
E) is measured taking into consideration the rate of growth of unemployment in an economy.

Correct Answer: