Why would income inequality be as damaging as poverty?  Explain each concept.

Q: Explain why the poverty gap ratio is the better target measure of poverty than the head- count…

A: The poverty gap represents the intensity of poverty in a country while the head-count ratio shows…

Q: Thich one of the following would increase income inequality as measured by official Census data and…

A: Income inequalities increase the gap between the poor and the rich widens.  In this case if social…

Q: If a country had perfect income equality what would the Lorenz curve look like?

A: In an economy, Income inequality occurs when there is an unequal distribution of income and wealth…

Q: What is the extent of economic inequality in America?

A: Inequality refers to the unequal or uneven distribution of income from person to person. This…

Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…

A: Income distribution refers to equality with which income is divided among different sections of the…

Q: Are poverty rates rising or decreasing in the US? How has the gap between the rich and poor…

A: Because of the pandemic's economic impact and skyrocketing unemployment, poverty in the United…

Q: What are some reasons why a certain degree of inequality of income would be expected in a market…

A: Income inequality describes that how unevenly the income is distributed in the economy. Uneven…

Q: Although it is hard to separate the causes of poverty from the effects, there is no doubt that…

A: Economy refers to the system in which the production and consumption activities are interrelated. It…

Q: What are the causal connections and intersections between poverty and wider social problems(such as…

A: Poverty is about not having enough resources to meet basic requirements of living including…

Q: can you explain what generational poverty is and how it can be solved?

A: Generational poverty is very bad situation of the people who are living in a poverty situation at…

Q: Why inequality still exist?

A: Inequality refers to the state or situation of not being equal in various aspects such as rights,…

Q: How can you use this document to argue that the US should reduce economic inequality?

A: Economic inequality means that there is unequal distribution of wealth/income and opportunity among…

Q: If a family of three earned $20,000, would they be able to make ends meet given the official poverty…

A: Poverty threshold refers to the minimum level of income deemed to be sufficient in a country. This…

Q: What are some contributors to the poverty cycle in your local community? How can we balance…

A: As an Gender inequality, racial systems, racial or ethnic discrimination are all economic as well…

Q: If the poverty guideline for a family of four is $25,750, what is the most that a household can earn…

A:

Q: Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: How does the poverty cycle differ between rural and urban areas?

A: Poverty is defined as a state or condition in which an individual or a group lacks the financial…

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: Why is there so much wealth inequality?

A: Wealth refers to the assets held by a person which includes property and financial assets. Wealth…

Q: Is per-capita purchasing power a bettermeasure of economic inequality thanper capita income?…

A: Money has been recognised since many ages and people are using money for various purposes. Money is…

Q: When was (is) someone more likely to be born into poverty? Today or in the past?

A: Poverty is a social-evil that forces the economy to stay inside the realm of poverty making it…

Q: as a student in college, what can be done to address income inequality? Explain

A: As a college student,toaddress income inequality,protest can be made against it in the form of…

Q: What are effects of poverty?

A: Poverty is a situation where an individual or community lacks financial resources and necessities.…

Q: Poverty is a result of a mix of causes. What are they?

A: Poverty is defined as 'the lack of basic requirements of a household to have a good standard of…

Q: Equity is not equality but the concept of

A: Equality is the impact of treating each as without distinction; every individual is considered…

Q: Why should we not use annual income when studying poverty?

A: Countries, international institutions, policymakers, and practitioners can and do quantify poverty…

Q: as a student, what can be done to address income inequality? Explain

A: Income inequality refers to the uneven distribution of income or wages throughout a population. The…

Q: Explain the trade-off between equity and efficiency in poverty-reduction policy.

A: Equity refers to the concept wherein the citizens of the country are included. It allows the…

Q: What is your insight about poverty?

A: In economics, poverty is one of the concepts to study when analyzing the overall functioning of the…

Q: The two figures below show trends in poverty rates and inequality for the U.S. (a) What are the…

A: (a) What are the trends in poverty and inequality from 2010 to 2019? As per the figure the trends…

Q: Why do you think there has been movement toward greater income equality during the 1929 to 1970…

A: The degree to which wealth is distributed unequally within a society is referred to as income…

Q: Is progress being made in the fight against poverty? Why or why not?

A: Poverty is a situation or condition in which a person or a group lacks the financial means and…

Q: Discuss the reasons behind economic inequality.

A: Inequality refers to a situation where there is unequal or different distribution of resources or…

Q: Explain and interpret different methods of measuring income inequality.

A: Income equality shows the differences between the income of different groups of people. It helps to…

Q: Make a case for income inequality

A: Income inequality is a very worst situation for the countries all around the world.It would decrease…

Q: List three policies that can affect the level of economic inequality.

A: In the set of development instruments of a country, the economic inequality is always kept on the…

Q: Identify some public policies that can reduce the level of economic inequality

A: Economic inequality refers to presence of disparities among wealth and incomes of individuals.

Q: What are the possible ways that the government should act to eradicate poverty?

A: Poverty refers to a state where people lack money and do not have the means to satisfy their basic…

Q: Why do national and global scale events such as the Great Recession have different effects in…

A: Great Recession was observed in national economies globally. The timing and scale of recession…

Q: Describe the vicious cycle of poverty. What are the consequences of this cycle?

A: Poverty- It is the condition of being extremely poor.

Q: What are the two main attitudes that surround explanations for the causes of poverty in the US (name…

A: Poverty: It refers to a situation under which people of the economy are unable to fulfill their…

Q: Where is income inequality the worst?

A: Income inequality refers to the situation where there is wide misallocation of income between the…