Chapter 33: Problem 4
What positive arguments can be made for reducing income inequality? What normative arguments are made for reducing income inequality?
Chapter 33: Problem 4
What positive arguments can be made for reducing income inequality? What normative arguments are made for reducing income inequality?
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Get started for freeIf one country is growing at a rate of 3 percent per year and another at a rate of 8 percent per year, how long will it take for each to double? What factors might account for the rate at which nations' standards of living grow?
Why does the health of the economy affect the number of people living in poverty?
The Gini coefficient for a nation indicates the degree of income inequality within that nation; the Gini coefficient among nations indicates the degree of income inequality among nations. Would you ever expect to see the following scenarios? a. A case in which the Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations b. A case in which the Gini coefficient for income distribution among nations is larger than the average of all nations' Gini coefficients c. A case in which the Gini coefficient is zero
What is the relationship between the Gini coefficient and the Lorenz curve? Illustrate your answer using exercise \(7 .\)
If the incidence of poverty decreases during periods when the economy is growing and increases during periods when the economy is in recession, what policies might be used to reduce poverty most effectively?
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