Happiness surveys seem to indicate that at any given moment


Happiness surveys seem to indicate that at any given moment in time those with higher income, on average, report higher levels of happiness than those with lower income. Over time, nevertheless, as societies increase their real per capita income, average happiness does not seem to increase. This statement illustrates a rather odd combination of outcomes. Explain in detail.

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Business Economics: Happiness surveys seem to indicate that at any given moment
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