Microeconomics
13th Edition
ISBN: 9781337671590
Author: Arnold
Publisher: Cengage
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Question
Chapter 15, Problem 3WNG
To determine
Check the possibility of increase in real income, while income distribution is unequal.
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Is it possible for everyone's real income to rise even though the income distribution in a society has become more an equal? Give an example to support your answer.
What is the difference between income and wealth?
Which would you expect to have a more unequal distribution, and why?
How might wealth impact income, and the distribution of income?
do you not have to take the income forgone in the time spent raising each child to adulthood, defined by z into account?
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