Factors that contribute to the reduction of income inequality ???

Question

Factors that contribute to the reduction of income

inequality include:

a. welfare programs and social security.

b. progressive tax rates and unemployment insurance.

c. strong economic performance.

d. all of the above.

Answer 1

d. all of the above.

"a" is true because it is goal of welfare and social programs,

"b" is true because of definition of progressive taxes and redistribution effect of unemployment insurance.

"c" - it helps to have even opportunities for more people to get income, and improves efficiency.