Microeconomics, Student Value Edition Plus MyLab Economics with Pearson eText - Access Card Package (12th Edition)
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Chapter 19, Problem 8SPA
To determine

Taxes and impact on economic inequality.

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what do each of the school of economics - classical, neoclasscial, austrian, marxian, keynesian, institutionalism, chicago, behavioural, feminist, buddhist, ecological and evolutionary economics think about income inequality and what there proposed solutions?
(a) Suppose that your professor asks you to compare China and India based on income inequality. Which measure would you use and explain how would you determine which country is doing better based on the chosen measure? (b) Suppose that your professor asks you to compare China and India based on economic development. Which measure would you use and explain how would you determine which country is dbing better based on the chosen measure?
What is the extent of economic inequality in America?
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