Thich one of the following would increase income inequality as measured by official Census data and the quintile distribution? Multiple Choice The elimination of the Supplemental Nutrition Assistance Program (SNAP) The elimination of the TANF program Reduced divorce rates A doubling of Social Security retirement benefits

Thich one of the following would increase income inequality as measured by official Census data and the quintile distribution? Multiple Choice The elimination of the Supplemental Nutrition Assistance Program (SNAP) The elimination of the TANF program Reduced divorce rates A doubling of Social Security retirement benefits

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter15: Poverty And Economic Inequality

Section: Chapter Questions

Problem 47P: A group of 10 people have the following annual incomes:...

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A group 0f 10 people have the following annual incomes: 24,000,18,000,50,000,100,000,12,000,36,000,80,000,10,000,24,000,16,000. Calculate the share of total income that each quintile receives from this income distribution. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution?
A group of 10 people have the following annual incomes: 55,000,30,000,15,000,20,000,35,000,80,000,40,000,45,000,30,000,50,000. Calculate the share of total income each quintile of this income distribution received. Do the top and bottom quintile s in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for 2005?
Redistribution of income occurs through the federal income tax and government antipoverty programs. Explain whether or not this level of redistribution is appropriate and whether more redistribution should occur.
Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers, but rise more for the high-income earners. Incomes fall for low-income and high-income workers, but fall more for high-income earners.
Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?