Asked by Jacob Thomas on Jul 12, 2024

verifed

Verified

Two major criticisms of the Bureau of Census data as a portrayal of the degree of income inequality are that the income concept employed is too

A) broad and the income accounting period is too short.
B) narrow and the income accounting period is too long.
C) narrow and the income accounting period is too short.
D) broad and the income accounting period is too long.

Bureau Of Census

A governmental agency responsible for collecting, analyzing, and publishing statistical data about the population, economy, and society of a country.

Degree Of Income Inequality

A metric that measures the distribution of income within a population, indicating the gap between the wealthiest and the poorest.

Income Concept

An economic term referring to the sum of all earnings and other benefits received by an individual or entity, typically measured over a specified time period.

  • Pinpoint the key drivers and manifestations of economic inequality within a financial context.
verifed

Verified Answer

AM
Arjela MustajJul 14, 2024
Final Answer :
C
Explanation :
The criticisms often levied against the Bureau of Census data regarding income inequality are that the income concept used is too narrow, not capturing all forms of income and wealth, and that the income accounting period is too short, typically focusing on annual income which may not accurately reflect longer-term income trends and disparities.