Are economic inequality and national income related? Explain

Q: This is an exercise. What is the Empirical Methodology and Justification for the impact of education…

A: • Under NEP 2020, the highly competitive and rote-learning led 10+2 system of school education in…

Q: How much age affects inequality? Is there something the government can do about younger and older…

A: People around the world of all ages are affected by inequality; nevertheless, there are certain…

Q: Why some countries are really poor? Please draw the cycle of poverty and explain this cycle at least…

A: Some countries have low employment,investment,saving,capital formation etc. Therefore they have…

Q: In 2018, the poverty rate was 4.7% for married couple families and 12.7% for father-only…

A: Poverty: - Poverty is the economic condition of a person in which that person does not even possess…

Q: ompare the Human Development Index and Multidimensional Poverty Index in  Ghana &  Cote d'Ivoire

A: The HDI is the magnitude that shows the average development of humans in the country. Different…

Q: What is low income level

A: Low income level refers to the level of income per consumption which is below the median income…

Q: Describe how the poverty line is estimated in India?

A: The lowest income deemed suitable in a given country is known as the poverty threshold, poverty…

Q: Discuss the implications of Income Distribution in terms of Skill in the Labour Market?

A: A labor market is the place for the people to earn income by serving there services in the…

Q: Why might one person work more, earn more, and pay more income tax when his or her tax rate is cut,…

A: When there is a cut in tax, there is an increase in the marginal after-tax income. A person will…

Q: To calculate full employment, which citizens are taken into consideration? Choose the best answer.…

A: Full employment occurs when economy is producing the maximum possible output using all available…

Q: If Oman government redistributes income from the rich to the poor, explain how this action affects…

A: Efficiency refers the ideal production and its resource allocation in an economy with the existing…

Q: The bench market for the income level necessary to maintain a basic standard of living is based on…

A: There is a tendency for individuals below the poverty line to remain there due to the structure of…

Q: What is the relationship between the business world and U.S. political system for the inequalities…

A: The relationship between the business world and U.S. political system for the inequalities in wealth…

Q: How can we reduce the number of low-income workers and increase the number of middle-and…

A: There are many factors like education, training, health services, etc. that can decrease the number…

Q: Migration and income inequality is negatively related or positively related? Why

A: Income inequality basically refers to how unevenly income is distributed within a population. The…

Q: Explain how our economic transition is affecting the national income distribution.

A: Economic transition is mainly a process in which the economy makes a transition from a centrally…

Q: Due to a stagnant income for 23 years, the number of Mexicans who cannot buy the basic basket has…

A: Consumer price index is the average change in the prices for a basket of goods and services over…

Q: In an economy with perfect income equality the Gini coefficient would be

A: The Gini record, or Gini coefficient, measures pay appropriation across a populace.

Q: State the main problems that are generally associated with poverty of the economy

A: According to the given question Poverty gradually describes the lack of the productive resources and…

Q: what is the impact on the labour market due to a reduction in income tax rate?

A: Labor market is in equilibrium when supply of labor equals demand for labor.

Q: One way that the positive correlation between education and higher earnings can be interpreted is…

A: It is true that there exist a positive correlation between education and higher earning.

Q: How does wage and employment relate to the poverty cycle?

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific…

Q: In a country, there are two production sectors: agriculture and industry. All workers work in cither…

A: Introduction It is a measure of income inequality from 0-1. At 0, it has show perfect equality. It…

Q: Who is affected by economic inequality?

A: Economic inequality affects people at all levels.

Q: How will The Tax Reform for Acceleration and Inclusion will lessen the worsen poverty and income…

A: The Tax Reform for Acceleration and Inclusion is a law regarding the taxation system in the…

Q: Comparison of the share of the total income in a society that different groups receive measures:…

A: The answer is - income inequality.

Q: briefly describe income inequality in America

A: Income inequality refers to the degree to which income is distributed unequally throughout a…

Q: When does absolute poverty exist? Do we see this in the Philippines? defend your answer

A: Poverty is the condition where a person is not able to maintain a minimum standard of living.…

Q: Define gross incomes?

A: The GDP is the total or the final value of the goods and services which would result in the…

Q: What do you think are the reasons why there are people suffering from poverty? Explain briefly.

A: Poverty is a situation in which a person or community have very low level of income even to fulfill…

Q: What is net migration formula?

A: Immigration is when people from other countries come to live in a country permanently and emigration…

Q: What are the effects of unemployment on income distribution?

A: Unemployment has bad effects on income distribution. Due to unemployment,some people have very high…

Q: inequality

A: Inequality, in mathematics, the statement of the relation of numbers - between two numbers or…

Q: Answer the questions based on the data in the table. Round all answers to two places after the…

A: In an economy, income tax refers to the amount of income that is paid to the government as a charges…

Q: When the earned income of poor people increases to be equal to disposable income the transfer from…

A: The amount of money that a person or household has available for spending or saving after income…

Q: If a family of three earned $21,000 in 2017, would they be able to make ends meet given the official…

A: Number of person in the family = 3 Total earning by three members = $21000

Q: Convergence of the income gap has been most dramatic between Select one: O a. South America and the…

A: Convergence means that countries with low per capital incomes should grow at a faster rate than…

Q: Explain the concept of absolute poverty and relative poverty.

A: According to the given question Poverty is what we can say that when the public or the people lacks…

Q: Why has the distribution of income become more unequal in the last 30 years

A: Income inequality has risen sharply since the past 30 years, even in the most advanced economies…

Q: Reducing tax rates: Suppose the government decides to reform the tax systemto reduce the marginal…

A: Taxes are inadvertent charges levied on individuals or companies and imposed by a government agency…

Q: Migration and income inequality is positively related. Explain.

A: The single greatest effect on development is the extending hole between the lower working class and…