Which of the following generalizations is true?
A) After counting taxes and transfers, there is a very dramatic equalization of income in the United States.
B) Only the top income quintile gains after tax and transfer redistributions.
C) After taxes and subsidies are factored in, the lowest two quintiles of American wage earners receive the same share of income as they did before.
D) The lowest quintile of income recipients accounts for less than 5 percent of family income.
Correct Answer:
Verified
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A)
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A)
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