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If people can get paid more for working more or working harder, then some people will do so, improving the overall productivity of an economy.
It encourages people to take risks to expand businesses.
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∙ 11y ago
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What is the aggregate expenditure function in terms of income?
the function that represents total spending in an economy at a given level of real disposable income.
What is the definition of algebraic inequality?
algebraic inequality, is an inequality that contains at least one variable.
When subtracting a number from both sides of an inequality?
The inequality is maintained with the direction of the inequality unchanged.
What is the solution to the inequality 29?
There is no inequality in the question.
What is an acceptable unemployment rate?
5.4% when the economy is good. 9.5% when the economy is in a recession.
How does Income Inequality hurt the economy?
Excessive income inequality can hurt the economy in the following ways:If people are unable to ascend the economic ladder no matter how hard or long they work they are less likely to work more.Incremental income of the lower class is more likely to spent directly on the economy. Incremental income of upper class is less likely to contribute to the economy.If people are unable to afford essentials like food, shelter, health insurance, etc, in can affect their productivity.
What are the consequences of income inequality?
no
What is the difference between the concept of intra-ethnic inequality in income distribution and inter-ethnic inequality in income distribution?
Oh
What is the Gini coefficient?
The Gini coefficient is a measure of income inequality within a population, with a value of 0 indicating perfect equality and 1 indicating perfect inequality. It is commonly used by economists and policymakers to understand the distribution of income or wealth within a country. A higher Gini coefficient suggests a more unequal distribution of income.
What impact does selling crabs have on the bahamian economy?
good source of income
In economics what does the Gini coefficient measure?
Income inequality
What are some reasons for income inequality in the US?
i have no clue.......:P
How do government policies affect income?
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
Why is the economy in Luxembourg so good?
luxembourg's stable, high-income economy features moderate growth, low inflation, and low unemployment.
What s meant by income inequality.distinguish between personal and functional distribution of income.?
What is meant by income inequality? Distinguish between personal and functional distribution of income.
What are 10 good and bad things about China?
Good: Rich culture Sophisticated civilization Beautiful scenery Delicious food Booming economy Futuristic gadgets Hardworking, friendly people Bad: Pollution Government corruption Nepotism and bribery Income inequality Lack of product quality control Crazy traffic Internet censorship
What are the issue related with income distribution?
Corruption, wealth inequality, illiteracy.
