MICROECONOMICS
MICROECONOMICS
5th Edition
ISBN: 9781319395018
Author: KRUGMAN
Publisher: MAC HIGHER
Question
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Chapter 18, Problem 2P
To determine

The income distribution in the city of Metropolis.

Concept Introduction:

Distribution of income refers to the distribution of total income of a country amongst its residents. Inequality in the distribution of income occurs when a given set of population gets more share of the total income, while some receive a very less share.

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