The breakeven level of income is

Question

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The breakeven level of income is the point at which a household’s welfare benefits are reduced or eliminated due to an increase in earned income. In other words, it is the point at which the amount of income earned is equal to the amount of welfare benefits lost. This means that a household can earn income up to their breakeven point without experiencing a net loss of income. Option B correctly defines the breakeven level of income.

The Breakeven Level of Income Is