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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

“Income inequality at one point in time is sometimes consistent with income equality over time.” Comment.

To determine

Consistent income inequality with income equality over time.

Explanation

The existence of income inequality between the individuals may become consistent with equal income. Suppose, there are two individuals A and B, and the total income of A is $20,000 and B is $30,000, which shows an income inequality...

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