Examlex
Which of the following statements is FALSE?
Distribution of Income
Refers to the way in which total income is shared among the holders of different types of assets within an economy.
Negative Income Tax
A tax system that collects revenue from high-income households and gives subsidies to low-income households.
Family Income
The total amount of money earned by members of a family, typically measured annually.
Negative Income Tax
A welfare system that provides income support by offering a direct transfer of funds to individuals whose income falls below a certain threshold.
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