Which of the following is true?
A) Taxes and transfers generally increase the income share of the bottom quintile of income recipients, while reducing the share of the top group of earners.
B) In a market economy, the distribution of income is determined by the quantity and value of the resources supplied by the various individuals, and nearly half the value of resources owned by the rich was inherited.
C) Between 1980 and 2009, the income share received by the highest quintile of earners fell, while the share received by the bottom quintile of earners rose.
D) All of the above are true.

Question

Quizplus · Accepted Answer

Taxes and transfers are designed to redistribute income, typically increasing the share for lower-income groups and decreasing it for higher-income groups.

Which of the Following Is True