Efficiency versus equality
Problem: The distribution of income in the US should be more equal. Comment.
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What problems arise in determining whether an equal income distribution is fair or not? What is the difference between income and wealth?
Calculate the rate of change in the cost of living for the consumer using the A. laspeyeres Index (cpi) B. paasche index (gdp deflator) C. true index (ideal index)
1) Draw the lorenz curve for this case (This is the part I did) 2) Calculate the Gini coefficient
How would each of the following changes in assumptions affect your average monthly balance? Be specific with your answers. You are paid $500 twice monthly (1st and 15th) rather than $1,000 each month.
Greater wealth makes __________ people willing to spend the national income, causing __________ the economy's AD curve.
Problem: What is the difference between gross domestic product (GDP) and gross national product (GNP)?
Problem: What is a good rational, financial case for investment in HP?
Visit the U.S. Census Bureau website at www.census.vov/hhes/income/midclass/index.html and select Data Highlights. Since 1969, how has the share of aggregate household income received by the lowest and highest income income quintiles (fifths) cha
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