How does the government make an equitable/impartial/fair distribution of income? Give an example and explain why.

Q: Use quintiles to briefly summarize the degree of income inequality in the United States. How and to…

A: In 2016, the lowest quintiles’ average market income in the United States was $15,600 and for the…

Q: Which is a more equal economy? Economy B or C? Justify your answer 100 D 100 Percentage of income…

A: The Lorenz curve is regularly joined by a straight diagonal line with a slant of 1, which speaks to…

Q: and

A: a) Because it encourages individuals to work more in order to earn more money, income disparity may…

Q: As coronavirus deepens inequality, inequality worsens its spread. Explain with comprehensive what…

A: The economies around the globe tend to face a limit to the total amount of resources which are…

Q: Explain the relation of each and every box with the next box in separate elaborative points. And in…

A: When people or a group of people in the economy are unable to fulfill the basic needs and wants of…

Q: The $1.4 billion trick to make us accept income inequality Lotteries take money from the poor and…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: Why do most modern societies try to reduce poverty? What is the most effective way to reduce poverty…

A: Poverty refers to the condition of living or living standard where one does not have the basic…

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: What is the effect of government purchased and taxation on the level of income?

A: KEYS- There are two ways the government can influence fiscal policy: by raising taxes or by cutting…

Q: Those on the political left would tend to favor _____ government action and _____ taxation to reduce…

A: In an economy, income inequality is a major problem because it arises many other issues in the…

Q: The table shows the distribution of market income. Market income (percent of total) 1 7 14 23 55…

A: The theory of lorenz curve is given by the American economist Maz O. Lorenz.  The Lorenz Curve shows…

Q: there an increase in poverty and inequality?

A: poverty means lack of money to satisfy basic needs of life - food ,clothing and shelter inequality…

Q: Provide a definition of the “poverty line.” How does the government calculate the measure (give…

A: Poverty is the state of being poor. That is, lacking financial resources and necessities for a…

Q: You are working for a politician who worries that a new tax will cause more inequality. She shows…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: one: If welfare payments increase, the world will be a better place. Prices rise when the government…

A: Economics is the investigation of shortage and its suggestions for the utilization of assets,…

Q: State three ways that the government could reduce income inequality. Briefly explain how these…

A: Throughout the world, many countries face the problem of social and economic inequality. With the…

Q: Use a circular flow diagram to show how the allocation of resources and the distribution of income…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: In a column in the Washington Post, Robert J. Samuelson wrote: "As for what's caused greater…

A: In the society there exists inequality in earning capacity of people. This is why the government…

Q: inequality that shows how much she can pay p for the refrigerator

A: The budget constraint depicts that one can buy a commodity within his given income. The budget…

Q: Explain how income inequality in the United States is measured and described.

A: Income inequality refer to the gap or difference in the reference of income paid to in individual by…

Q: In country A, its population is 300 million, and 50 million people are living below the poverty…

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Q: What is Medicare and how is it funded? (Provide at least 5 points).

A: The Medicare is a welfare program initiated by the federal government to provide health care…

Q: How do governments and families affect economic inequality?

A: Economic inequality can be explained as the unequal distribution of income and opportunity between…

Q: Complete the table and answer the following questions. Before-Tax Income After-Tax Income Tax Rate…

A: Completion of first given table:-     Before Tax Income($) Tax Rate Tax Paid($) After Tax Paid($)…

Q: Discuss the key tenets of the U.S. personal income tax code. For example, our tax rates are…

A: A tax code is indeed a federal govt document that describes the rules that people and organizations…

Q: Many economists believe that a more effective way to supplement the income of the poor is through a…

A: Taxes owed = (1/4 of income) - $10,000 --------------------- When income is $0 Taxes owed = (1/4 *0)…

Q: Explain the reason why Albert Einstein said, "The hardest thing to understand in the world is the…

A: During a deener, Albert Einstein said, "The hardest thing to understand in the world is the income…

Q: One explanation for why laws and policies related to things like personal income taxes and alcohol…

A: Personal income taxes are direct tax in nature where people can't shift tax burden levy on people .…

Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…

A: Poverty trap is related  to the existence of poverty in an economy, and the inability to escape from…

Q: To combat income inequality and to generate increased tax revenues to fund expenditures, government…

A: The marginal tax rate refers to the additional tax paid by the taxpayer for every additional income…

Q: Demonstrate how the distribution of income between rich and poor is affected by government taxes,…

A: There is definitely a strong justification for moving resources from those at the top of the income…

Q: FRONT PAGE State Lotteries: A Tax on the Uneducated and the Poor Americans now spend over $85…

A: (a) A household with less than $25000 of income spends $1100 a year on lottery tickets.  The…

Q: give a summary that how this causes poverty trap.

A: A poverty trap is a situation from which people cannot escape from the poverty,

Q: A. Explain the concepts of the 'Lorenz curve' and 'Gini coefficient'. In answering this question,…

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Q: MACROECONOMICS Progressive Tax Based on your yearly income above, calculate the amount of tax each…

A: Taxes can be considered as the contributions made by the public to the government. The tax structure…

Q: In order to measure income inequality, economists look at how income is distributed in ...   Group…

A: Economics is the branch of knowledge in which we study the scarcity of resources and unlimited…