The following statements are accurate except
a. Social Security represents in-kind transfer payments.
b. The percentage of people below the poverty line fell dramatically between 1960 and 1970
c. The negative income tax was designed to preserve incentives to work.
d. Income inequality in the U.S. is less unequal than the inequality of wealth.
e. The Gini coefficient measures income distribution.
A
Economics
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Which of the following is NOT included in the money supply when the transactions approach is used?
A) currency B) traveler's checks C) money market deposit accounts D) transaction deposits
Economics
European countries (relative to the United States)
a. have a higher share of bank loans to GDP b. have a higher market capitalization c. have more IPOs d. rely on insider trading e. none of the above
Economics