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However ...
-- At another level, this makes a deeper point about competitiveness.
Class rank (at a particular school) is insensitive to what we usually
call grade inflation. That is, even if there were "more" grade
inflation
or "less" grade inflation, this kid's class rank would still be in the
middle of the herd.
Class rank inflation ... now that's a scary thought. OTOH there are,
of course, ways to detect and correct for this sort of thing.