Demographic changes include variations in income distribution. Which of the following statements is true?
a. Firms are most interested in the consumers in the top 10 percent of household income.
b. In general, living standards have deteriorated over time.
c. The general loss in real income has been somewhat offset by the increase in dual-career couples.
d. Workforce diversity is making the concept of average income obsolete.
Answer: The general loss in real income has been somewhat offset by the increase in dual-career couples.