The Normal Life Cycle Pattern of Income

question 418

Multiple Choice

The normal life cycle pattern of income

• A)contributes to more inequality in the distribution of annual income and to more inequality in living standards.
• B)contributes to more inequality in the distribution of annual income, but it does not necessarily contribute to more inequality in living standards.
• C)contributes to less inequality in the distribution of annual income and to less inequality in living standards.
• D)has no effect on either the distribution of annual income or on living standards.

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Definitions:

Life Span

The maximum duration of life of a species or individual, encompassing all phases from birth to death.

Parenting

The process of promoting and supporting the physical, emotional, social, and intellectual development of a child from infancy to adulthood.

Sharing Confidences

The act of disclosing private or sensitive information with another person, trusting them to keep it secret.

Technology

Refers to the application of scientific knowledge for practical purposes, especially in industry.