The overall well-being score for Yulhee (income $25,000) is 4.6, and the well-being score for Pancho (income $120,000) is 8.2. Across the two of them, total well-being is 12.8. The change in...


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The overall well-being score for Yulhee (income $25,000) is 4.6, and the well-being score for Pancho (income $120,000)<br>is 8.2. Across the two of them, total well-being is 12.8. The change in well-being for a $5,000 change in income for<br>Yulhee is 4 and for Pancho is .2. What net change in total well-being will occur if $5,000 of Pancho's income is taken as<br>tax and transferred to Yulhee through an income transfer?<br>O Total well-being will rise to 13.2 for a net gain of .6.<br>Total well-being will rise to 13.0 for a net gain of .2.<br>Total well-being will fall to 12.6 for a net loss of .2.<br>Total well-being will remain constant at 12.8, but how it is distributed across Yulhee and Pancho will change.<br>

Extracted text: The overall well-being score for Yulhee (income $25,000) is 4.6, and the well-being score for Pancho (income $120,000) is 8.2. Across the two of them, total well-being is 12.8. The change in well-being for a $5,000 change in income for Yulhee is 4 and for Pancho is .2. What net change in total well-being will occur if $5,000 of Pancho's income is taken as tax and transferred to Yulhee through an income transfer? O Total well-being will rise to 13.2 for a net gain of .6. Total well-being will rise to 13.0 for a net gain of .2. Total well-being will fall to 12.6 for a net loss of .2. Total well-being will remain constant at 12.8, but how it is distributed across Yulhee and Pancho will change.

Jun 09, 2022
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