All of the following are problems with assessing the income distribution,except:
A) There is no objective standard to evaluate them
B) Effects of taxes and in-kind transfers are neglected
C) Doesn't take into account the fact that household sizes differ across quintiles
D) A better measure of income inequality is the distribution of spending
E) Effects of the underground economy are taken into account
Correct Answer:
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Q4: If the marginal productivity of labor was
Q15: In the United States, most income comes
Q19: If income were distributed solely according to
Q20: In a market economy, income is primarily
Q21: When family incomes are ranked from lowest
Q25: Compared to the United States, the income
Q26: The problem with allocating income according to
Q30: The distribution of income
A)is about the same
Q31: Compared to the distribution of money income,
Q32: The normal life-cycle pattern of income reflects
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