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 ?

Related Mcqs:

A period of unemployment due to recession will ?

A. increase a worker’s current income and permanent income B. reduce a worker’s current income but not necessarily their permanent income C. affect neither the current nor the permanent income of a worker D. reduce a worker’s permanent income but not their current income...

If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

A. transitory income is a good measure of the distribution of living standards B. none of these answers C. permanent income is a good measure of the distribution of living standards. D. life-cycle income is a good measure of the distribution of living standards. E. current annual income is a good measure of the distribution … If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?Read More...

In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

A. total labour cost B. the marginal product C. the price of the product D. the wage rate...

Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?

A. all of these answers B. libertarianism C. utilitarianism D. none of these answers...

The stock of knowledge, skills and talents that people possess is called ?

A. training investment B. skill capital C. skill-building investment D. human capital...