Rapid economic growth tends to increase the degree of income mobility.

Name: Rapid economic growth tends to increase the degree of income mobility.
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Question

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Rapid economic growth often leads to increased job opportunities, higher wages, and overall economic prosperity, which can lead to greater income mobility as people have more chances to move up the income ladder. However, this is not always the case, and other factors such as social inequality and policy decisions can also affect income mobility.

Rapid Economic Growth Tends to Increase the Degree of Income