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

A. life-cycle income is a good measure of the distribution of living standards.

B. none of these answers

C. transitory income is a good measure of the distribution of living standards

D. current annual income is a good measure of the distribution of living standards.

E. permanent income is a good measure of the distribution of living standards.

Found an error? Read our corrections policy and report it in the comments below.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.