Whichof the following is NOT true about data on the inequality of annual family (or household) incomes? Group of answer choices The degree of inequality is reduced when transfers and taxes are considered. The inequality in annual income data understates the true degree of inequality in lifetime income. Differences in age and family characteristics contribute to the degree of inequality. The inequality in consumption spending across households is smaller than the inequality in annual income.
Whichof the following is NOT true about data on the inequality of annual family (or household) incomes? Group of answer choices The degree of inequality is reduced when transfers and taxes are considered. The inequality in annual income data understates the true degree of inequality in lifetime income. Differences in age and family characteristics contribute to the degree of inequality. The inequality in consumption spending across households is smaller than the inequality in annual income.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter11: Fiscal Policy And The Federal Budget
Section: Chapter Questions
Problem 5WNG
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639. Whichof the following is NOT true about data on the inequality of annual family (or household) incomes?
Group of answer choices
The degree of inequality is reduced when transfers and taxes are considered.
The inequality in annual income data understates the true degree of inequality in lifetime income.
Differences in age and family characteristics contribute to the degree of inequality.
The inequality in consumption spending across households is smaller than the inequality in annual income.
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