Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
18th Edition
ISBN: 9780134004624
Author: Roger LeRoy Miller
Publisher: PEARSON
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Chapter 30, Problem 2CTQ
To determine
Impact on income distribution due to failure of media reports for underground activities.
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Which of these is true about the Lorenz curve?
a. allows us to rank all countries by the degree of poverty.
b. allows us to rank all countries by the degree of inequality.
c. is an incomplete measure of inequality.
d. is a measure of the wealth of a country.
Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and income inequality in a country?
Using the figure below, calculate the gain from redistributing $25,000 from those earning $100,000 to those earning $50,000. Why do you think that this gain in well-being is smaller than the redistribution in the example in the chapter, which is redistributed from someone earning $200,000 to someone earning $20,000? What are some potential problems with this redistribution plan?
Chapter 30 Solutions
Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
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Similar questions
- From comparisons of income distribution studies over time, it generally appears that A. income is more evenly distributed in the richer nations. B. there are few variations in income distribution among developed and developing nations. C. comparisons over time demonstrate that income redistribution changes relatively quickly, so older data have limited value. D. the middle quintiles in most nations are growing at the expense of the bottom 20 percent. E. income inequality decreases in the early stages of development and reverses in the later stages.arrow_forwardIdentify national strategies to target social exclusion and poverty.arrow_forwardThe Lorenz curve is used to show which of the following? a. The total income generated from all activities b. The degree of inequality in the distribution of income within a country c. The progressivity of the income-tax structure within a country d. The extent of wage differences among workers in similar occupations e. The change in the poverty rate within a country over timearrow_forward
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