Correcting the 2002 US Distribution of Income figures for a) population, and b) transfers results in:
a.The share of income earned by the top quintile falling and the share of income earned by the bottom quintile rising
b.The share of income earned by the top quintile rising and the share of income earned by the bottom quintile falling
c.The share of income earned by the top quintile rising and the share of income earned by the bottom quintile rising
d.The share of income earned by the top quintile falling and the share of income earned by the bottom quintile falling
When it comes to the goal of eliminating absolute poverty and income inequality, most economists would argue that
| Eliminating absolute poverty is a good goal but income inequality should not be eliminated |
| They should both be eliminated |
| Neither absolute povety nor income inequality should be eliminated |
| Eliminating absolute poverty is not a good goal but income inequality should be eliminated |
The right option is A.
Taxes and transfer payments used to correct income distribution. It reduces income of top personnel and increases income of bottom personnel.
Correcting the 2002 US Distribution of Income figures for a) population, and b) transfers results in:...
Why Malaysians need a well-comprehensive social safety nets program? Achieving high growth while ignoring the welfare of the lower income group is an unwarranted act. Like the rest of the world, Malaysia suffers from the increasing gap between the rich and the poor despite the low incidence of absolute poverty today compared to in 1970s. Urban poverty is rising too together with the relative poverty due to income inequalities within and among the ethnic groups and the different social sectors....