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2 years ago
Income or wealth are often used to measure individual well-being because
A) as income and wealth increase, individuals are able to consume more and thus must be better-off.
B) they are assumed to be related to utility and are easily measured while the best measurement, utility, is not.
C) both can be redistributed to improve equity.
D) they are the best measures of well-being since the more you have of either of them the better-off you are.
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