Asked by Blake Archer on Jun 28, 2024

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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.
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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.