"There Is Considerable Movement Up and Down the Economic Ladder

question 62

Multiple Choice

"There is considerable movement up and down the economic ladder. Relative income positions often change over time." This statement is

• A) true; at different points in time people tend to change position in the income distribution
• B) only true for industrialized countries
• C) false; people tend to stay in the same place within the income distribution
• D) false; people tend to stay in the same quintile that their parents were in

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