Which of the following statements is true? 1)Economic growth always reduces inequality. 2) Economic growth always reduces poverty. 3) Economic growth is ineffective in reducing both poverty and inequality. 4) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality.

Which of the following statements is true? 1)Economic growth always reduces inequality. 2) Economic growth always reduces poverty. 3) Economic growth is ineffective in reducing both poverty and inequality. 4) Economic growth can reduce poverty only if it is not associated with a significant rise in inequality.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter16: Economic Growth

Section: Chapter Questions

Problem 13E

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