Attempts Keep the Highest/1 8. Measuring income inequality Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality. Which of the following is a reason that census data may overstate income inequality? O Census data count all cash and noncash transfers as income. In-kind transfers, such as food stamps, Medicaid, and housing assistance, are not counted as income. O Census figures record after-tax rather than before-tax income.

Attempts Keep the Highest/1 8. Measuring income inequality Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality. Which of the following is a reason that census data may overstate income inequality? O Census data count all cash and noncash transfers as income. In-kind transfers, such as food stamps, Medicaid, and housing assistance, are not counted as income. O Census figures record after-tax rather than before-tax income.

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 5PA

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