Beyond incame, the book suggests that social class in the United States is defined by educational attainment, occupational status, and O a. the means of production O b. power Oc. prestige O d. wealth QUESTION 9 Select the plus sign next to the United States bill to reveal the "Distribution of Income in the United States" data. The book suggests that the gap between the rich and the poor in the U.S. in 2016 is:

Q: QUESTION 4 The Myth of Global Poverty is: O Global poverty is a myth, meaning it doesn't exist and…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Question 8 Match the explanation of poverty and inequality with its example. Endowments V [Choose ]…

A: Economies of scale means production at large quantities which lead to decline in per unit cost of…

Q: Economic inequality arises from all of the following except O A. a shortage of high-skilled labor B.…

A: Economic inequality is the unequal distribution or discrimination among various groups of society.…

Q: c. An inflation-adjusted annual income of $10,000 per person is OA. an absolute measure of poverty,…

A: This choice is consistent with the idea of absolute poverty, which is defined as a certain level of…

Q: If the government increases its support of training programs, it could increase economic mobility…

A: This can be defined as a concept that shows the continuous progress in any nation it does not happen…

Q: Poverty is measured by O one's lifestyle. O the cost of living where one lives. O one's income. O…

A: Poverty: - Poverty is the economic condition of a person in which that person does not even possess…

Q: How can the profit motive lead to income inequality? (Pages 33 – 35) pages 33 Investment is…

A: The motive of profit is the intension of receiving monetary gains in a transaction. It is an…

Q: 1. write a short essav tha summarizes the problems by which the official poverty rate is…

A: What's going on with it?The poverty rate is a method for estimating the number of individuals that…

Q: When the Lorenz curve lies above thediagonal,a. the poorest 20 percent of the populationreceive more…

A: Lorenz curve is the curve which shows inequality in the economy, it could be income inequality or…

Q: Population 10 32 15 Income per month 1200 78000 900 per person Total Population 57

A: Calculate the new Gini Coefficient for Algura when income changes as follows:

Q: Read the news clip, then answer the following question. Between 1985 and 2007, China's Lorenz curve…

A: Lorenz curve is used as a measure of inequality, graphically seen as thr area or deviation between…

Q: We are interested to know about the main factors that cause POverty.. WHAT is the cause of Poverty…

A: Poverty is a situation or situation where an individual or community lacks financial resources and…

Q: Both the "cultural theory of poverty" and the "cultural system and poverty" argue that poverty is a…

A: The Culture of Poverty Theory states that poverty is caused due to people's values and cultural…

Q: Explain the reasons for rising income inequality in the United States. If there are arguments…

A: The term income inequality indicates the extent to which income is ununiformly distributed…

Q: K In the United States, O A. the income tax system has little or no impact on the distribution of…

A: The income tax system is of paramount importance in economics for several significant reasons. First…

Q: Explain three methods of measuring the income inequality of a nation?

A: Economic inequality is how wealth is spread inefficiently through a society. There are many…

Q: 2. Constructing a Lorenz curve from income shares data The following table shows the approximate…

A: This can be defined as a graphical representation used in economics to illustrate income or wealth…

Q: If the United States is to reduce poverty by using a negative income tax, the guaranteed income…

A: We will use concepts such as negative income tax and tax credit to answer this question.

Q: How can a program that subsidizes housing for low income families avoid creating a poverty trap? O…

A: Subsidy are the negative tax, that is, subsidy is the unilateral payment paid by the government…

Q: How do the greatest disparities of wealth exist in the United States?

A: Disparities of wealth refer to the unequal distribution of assets and resources among individuals or…

Q: In a column in the Washington Post, Robert J. Samuelson wrote: "As for what's caused greater…

A: In the society there exists inequality in earning capacity of people. This is why the government…

Q: 12. Assume that the absolute poverty line is $120 in Pakistan. The total population of Pakistan is…

A: Head Count index is that proportion of the population that lives below the poverty line. here we…

Q: Of all the Americans who live in poverty, most are families. A. black; white B. Hispanic; white O c.…

A: Blacks and Hispanic have the highest poverty rate at 19.5% and Non- Hispanic whites have the lowest…

Q: The following table shows the approximate income distribution for Peru, Bulgaria, and Lithuania in…

A: Detailed explanation: Understanding Lorenz Curves The Lorenz curve is a graphical representation…

Q: The degree of inequality in the distribution of income in an economy is depicted in aln O Lorenz…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: What is a "quintile"? Provide and explain one example of how this concept is used in the discussion…

A: The first quintile represents the usual lowest fifth of the data (1 percent to 20 percent); the…

Q: equality Ind the povert The following table summarizes the income distribution for the town of…

A: Income inequality refers to the uneven distribution of income in the economy. The less equal the…

Q: 5. Make an eyeball estimate of what percent of US wealth is owned by the poorest 20 percent.

A: These bars show the distribution of wealth among Americans. And the distribution of income is from…

Q: According to research published by the US Census Bureau, Select the correct answer below: there is a…

A: US bureau is a federal organisation which produces data about the US people and economy

Q: Which of the following statements is correct?

A: A Lorenz curve is a graphical representation of the distribution of income or wealth within a…

Q: What effect will each of the following proposed changes have on wage inequality?a. Indexing t he m…

A: Wage inequality refers to the situation when the companies or firms create differences among…

Q: Question 8

A: There is always an inequality between the income levels in the economy. The rich people tend to get…

Q: ASTRS The graph shows the Lorenz curve for income in the graph, the second poorest 20 percent of…

A: In this case, we have to discuss the Lorenz curve for income. The Lorenz curve actually determines…

Q: ibution policy? me tax ncial support for those who uring the pandemic -discrimination legislation…

A: Government The public authority/government couldn't be considered as any individual or an…

Q: South Africa's top 10% of earners contribute almost half of all revenue, and the richest 10% of its…

A: Inequality in terms of income refers to the manner in which a population's income is allocated…

Q: What role might discrimination play in accounting for income inequality? Draw a curve that shows…

A: Labor demand refers to the quantity of labor that employers are willing and able to hire at…

Q: Using the diagram above, which of the following is true? a. In country S the poorest 30 percent of…

A: Answer in step 2

Q: If the Gini coefficient of a nation in 1980 was 0.50 and in 2020 it was 0.40, the nation's income…

A: Gini Coefficient Is used to measure the inequality.  Gini coefficient ranges from 0 to 1  There is…

Q: The following tax week contributes most to higher social mobility: O VAT O Wealth tax O Inheritance…

A: Tax is the compulsory payment given by individuals , institutions etc to the government without…