Suppose All People Have the Same Age-Earnings Profile and the Percent

question 204

Multiple Choice

Suppose all people have the same age-earnings profile and the percent of the population in each age category is the same. The distribution of income at any point in time will be

• A) equal because all have the same profile.
• B) equal because incomes and wealth levels must then be the same.
• C) unequal because other sources of income will differ.
• D) unequal because incomes differ by age.

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Definitions:

Apes and Humans

A reference to the biological and evolutionary connections between humans and other members of the Hominidae family, such as gorillas and chimpanzees.

Split Occurred

A phrase indicating that a division or separation took place, often used to describe evolutionary divergences or social and organizational splits.

Endothermic

Refers to a process or reaction that absorbs energy from its surroundings, usually in the form of heat.

Birds

Warm-blooded vertebrates with feathers, capable of flight, with a beak but no teeth, laying hard-shelled eggs.