Which of the following would show the LEAST amount of inequality?
A) Measured annual income.
B) Measured annual wealth.
C) Lifetime income.
D) Measured annual income and annual wealth are equally distributed and are more equally distributed than lifetime wealth.
C
Economics
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Basically, the marginal principle helps us to evaluate the factors involved in taking an action or if doing something is worth the effort
Indicate whether the statement is true or false
Economics
Personal income taxes and transfer payments
A) acts as automatic stabilizers. B) magnify fluctuations in GDP. C) are discretionary fiscal policy tools only. D) are influenced by monetary policy.
Economics