(Answered) Question because in-kind transfers are not accounted for in

Economics

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.

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Microeconomics, Economics

Category:- Microeconomics
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