Which of the Following Is Accurate Regarding Income Statistics

question 79

Multiple Choice

Which of the following is accurate regarding income statistics?

• A) Current annual income is also an accurate indicator of relative economic status over a longer period, such as a decade or lifetime.
• B) Inequalities of income observed at one point in time with annual income data overstate the degree of true income inequality in lifetime income.
• C) Recent studies indicate that the relative income position of a family generally determines the relative income position of their children and grandchildren.
• D) High-income earners generally maintain their status year after year, whereas those with low current incomes tend to stay poor year after year.

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