How much mobility has there been through the income quintiles ...

[cdr_15]

How much mobility has there been through the income quintiles since 2007?
 
  What will be an ideal response?

Question 2

In a free market there are significant restrictions on how a good or service can be produced or sold.
 
  Indicate whether the statement is true or false

[kxciann]

Answer to Question 1

There is some mobility but not a vast amount, particularly in the lowest and highest quintiles. In both these quintiles, about 70 percent of households remained in the same quintile. In the other three quintiles, somewhere between 45 percent and 50 percent of households remained in the same quintile. But there was some mobility. In the bottom four quintiles, about 25 percent of household moved up a quintile. (It is impossible for a household in the top quintile to move up.) Similarly, in the top four quintiles, about 25 percent of household moved down a quintile. (It is impossible for a household in the bottom quintile to move down.) A few household also moved up and down by more than one quintile.

Answer to Question 2

FALSE