Multiple Choice
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) There are no problems in measuring inequality.
Correct Answer:
Verified
Correct Answer:
Verified
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