Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ? | MCQ Hive

Economics Mcqs

Q Because people’s income vary other the life cycle and because there are transitory shocks to people’s incomes the standard measures of income distribution ?

A A. Exaggerate the inequality of living standards
B B. Could exaggerate or understate the inequality of living standards depending on whether the transitory shocks are positive or negative
C C. Understate the inequality of living standards
D D. Accurately represent the true inequality of living standards

Previous Permanent income is ?

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