Assume that there are three classes-upper, middle, and lower-and that social mobility behaves as follows: 1. Of

Question:

Assume that there are three classes-upper, middle, and lower-and that social mobility behaves as follows:
1. Of the children of upper-class parents, 70% remain upper-class, whereas 10% become middle-class and 20% become lower-class.
2. Of the children of middle-class parents, 80% remain middle-class, whereas the others are evenly split between the upper class and the lower class.
3. For the children of lower-class parents, 60% remain lower-class, whereas 30% become middle-class and 10% upper-class.
Find the long-term breakdown of society into classes.