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- In country A, the population is 300 million and 50 million people are living below the poverty line. What is the poverty rate?what is the impact on the labour market due to a reduction in income tax rate?Explain how a person can be employed and still be living under the poverty threshold. Please help, thank you(:
- Mark Zuckerberg of Facebook and Elon Musk of Space X have taken risks to build to their businesses and been successful at it. The fundamental premise for their success mostly hinges on the ownership of private property and free market forces. For billionaires like them who have made their wealth mostly based on their own effort and perseverance, would it be fair to impose high income tax on them to redistribute their wealth to help the poor?how to write a short empirical report on the relationship between income taxation and labour supply.What happens to poverty and inequality if income rises for both low-income and high-income workers, but it rises less for the high-income workers?
- What is the difference between an absolute and a relative poverty threshold?How will The Tax Reform for Acceleration and Inclusion will lessen the worsen poverty and income inequality in the country?Define, compare and contrast: (i) A relative poverty line, (ii) an absolute poverty line, (iii) Subjective poverty line Only typed answer and don't use chat gpt
- Describe the concept poverty line in detailIllustrate with a clear diagram and carefully explain the impact of an increase in the income tax rate from 25 percent to 35 percent on the demand for labour, supply of labour, equilibrium wage and level of employment.A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. What is the country's underemployment rate?
