Some Economists Prefer to Look at the Distribution of Consumption

question 107

Multiple Choice

Some economists prefer to look at the distribution of consumption rather than that of income. A Review of Economic Studies article in 2006 reported that consumption inequality in the U.S. is

• A) about the same as the income inequality.
• B) worse than the income inequality.
• C) less severe than the income inequality.
• D) highly unstable from one year to the next.

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Definitions:

Group

A collection of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity.

Deindividuation

A psychological state characterized by diminished self-consciousness, reduced self-awareness, and weakened social norms, often leading to impulsive and deviant behavior.

Anonymity

The state of being anonymous, where an individual's identity is unknown or concealed.

Groups

Collections of individuals who interact with one another, share similar characteristics, and collectively have a sense of unity or identity.