Because in-kind transfers are not accounted for in standard measures of income distribution, the standard measures of income distribution
A) accurately represent the true inequality of living standards.
B) understate the inequality of living standards.
C) exaggerate the inequality of living standards.
D) could exaggerate or understate the inequality of living standards depending on whether the transfers are goods or services.
Correct Answer:
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Q15: Figure 2 Q16: Because of in-kind transfers to the poor Q17: Permanent income is Q18: Figure 1 Q19: John Rawls argues that economic justice would Q21: If people can borrow and lend to Q22: Current anti-poverty programs discourage work because Q23: Someone said to live in relative poverty Q24: John Rawls's suggestion that policy should be Q25: In-kind transfers are:
A) Social Security income of
A) benefits
A) cash payments made to
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