Asked by
Sherri Handy
on Nov 26, 2024
Verified
Income mobility
A) contributes to greater wealth inequality in the United States.
B) is less in the United States than in most developing nations.
C) is the movement of individuals and households from one income quintile to another over time.
D) makes lifetime income inequality among income receivers in the United States greater than income inequality in any single year.
Income Mobility
The extent to which individuals or households can move up or down the income distribution ladder within a society over time.
Wealth Inequality
The unequal distribution of assets among a population.
Income Quintile
A statistical measure dividing the population into five equal groups based on income levels, to analyze economic inequality.
- Comprehend income mobility and its effects on income inequality.
Verified Answer
MB
Learning Objectives
- Comprehend income mobility and its effects on income inequality.
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