Multiple Choice
People tend to earn higher incomes as they mature and gain experience in the workforce.As a consequence of this income mobility,
A) statistics on income may understate inequality.
B) redistribution from high-income individuals to low-income individuals may encourage innovation and economic growth.
C) statistics on income may overstate inequality.
D) the overall poverty rate may rise as the population ages.
Correct Answer:
Verified
Correct Answer:
Verified
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