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Exaggerate the inequality of living standards

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Reference no: EM131600453

Question: Because in-kind transfers are not accounted for in standard measures of income distribution, the standard measures of income distribution

a. exaggerate the inequality of living standards.

b. understate the inequality of living standards.

c. accurately represent the true inequality of living standards.

d. could exaggerate or understate the inequality of living standards depending on whether the transfers are goods or services.

Reference no: EM131600453

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