Asked by Blake Archer on Jun 28, 2024
Verified
Each of the following contributes to income inequality except
A) differences in ability and training.
B) differences in job tastes.
C) differences in wealth ownership.
D) government transfers.
Income Inequality
A measure that highlights the uneven distribution of individual or household income across a population, leading to economic disparity.
Government Transfers
Payments made by the government to individuals or other entities without requiring a direct return of goods or services, such as welfare or subsidies.
- Gain insight into the variables that cause differences in income levels, considering both state interventions and unique individual conditions.
Verified Answer
KH
Kendall HornungJun 29, 2024
Final Answer :
D
Explanation :
Government transfers, such as social security, unemployment benefits, and other welfare programs, are designed to reduce income inequality by redistributing income from wealthier to poorer individuals.
Learning Objectives
- Gain insight into the variables that cause differences in income levels, considering both state interventions and unique individual conditions.
Related questions
How Do Government Programs Affect the Distribution of Income in ...
How Do Income Inequality and Wealth Inequality in Canada, Measured ...
What Percentage of Canadians Owe More Than They Own ...
The Following Figures Are Income Shares of the Lowest Quintiles ...
Which of the Following Is Taken into Consideration When Calculating ...