Question 1
Related to the
Economics in Practice on page 373: One of the best predictors of a young person's future place in the income distribution is
◦ geographic location.
◦ gender.
◦ the place occupied by his or her parents.
◦ the amount of education obtained.
Question 2
Relating to the
Economics in Practice on page 373: Intergenerational earnings mobility
◦ is roughly equal in all high-income countries.
◦ is greater in the United States than in any other high-income country.
◦ is lowest in the Nordic countries.
◦ is three times greater in Canada than in the United States.