Which of the following represents a problem in measuring inequality?
A) Measurements of income distributions typically include in-kind transfers, which distort the measure of inequality.
B) A normal life-cycle pattern causes inequality in the income distribution but may not reflect inequality in living standards.
C) Transitory income is a better measure of inequality than permanent income.
D) Both a and b are correct.
Correct Answer:
Verified
Q325: Table 20-12
Income Inequality in 2010 in the
Q326: The statement that "measures of the distribution
Q327: In the United States, a typical worker's
Q328: Which of the following is not correct?
A)Poverty
Q329: Which of the following groups has the
Q331: The regular pattern of income variation over
Q332: In comparison to the average poverty rate,
A)children
Q333: Based on U.S. data for 2011, the
Q334: When considering a person's standard of living,
Q335: If the value of in-kind transfers are
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