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Refer to the figure.
- Based on the climate diagram, this location is most likely in a
Income Inequality
The unequal distribution of household or individual income across the various participants in an economy.
Household Income
The combined gross income of all members of a household, typically measured over a set period of time, such as a month or a year.
Taxes
Compulsory financial charges imposed by a government on individuals, corporations, or transactions to fund public services and government activities.
Transfer Payments
Monetary payments made by governments that do not correspond to the provision of goods or services in exchange, such as welfare benefits.
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