Today 09:01 Question 5 . Statement 1: For a particular year, consumption inequality is lower than income inequality. . Statement 2: Life-time consumption inequality is higher than consumption inequality for a particular year. . Explain whether you agree or disagree with the statements. 70% Wealth 60% 50% Top 5% 40% Income 30% Disposable Income 20% Consumption 10% 0% 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016