The distribution of income at any point in time will be

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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.

Reference no: EM13796407

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