The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2

-It is often found that there is a sufficient mobility within the income distribution such that a person in the lowest quintile of income can move to the higher ones and vice versa.

Question

The table given below shows the absolute tax amounts under five different tax policies for respective income levels.Table 19.2
 
-It is often found that there is a sufficient mobility within the income distribution such that a person in the lowest quintile of income can move to the higher ones and vice versa.

Quizplus · Accepted Answer

The statement acknowledges the existence of income mobility and suggests that someone in the lowest quintile could move to higher ones and vice versa. Therefore, it is true that there is sufficient mobility within the income distribution.

The Table Given Below Shows the Absolute Tax Amounts Under