Suppose there is an economy where 80 percent of people what, Macroeconomics

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Suppose there is an economy where 80 percent of people what

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Suppose there is an economy where 80 percent of people earn more than their parents and 40 percent end up in a different income quintile than their parents. What measure of the income distribution does the first statistic tell you about? What about the second?

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Macroeconomics: Suppose there is an economy where 80 percent of people what

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Macroeconomics: Suppose there is an economy where 80 percent of people what

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