ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- 19arrow_forwardAll of the following are sources of inequality in the distribution of personal income EXCEPT a. progressive income taxes b. discrimination in employment c. differences in personal motivation d. differences in educational level attained e. differences in abilitiesarrow_forwardThe table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent 3.1 Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? >>> Answer to 1 decimal place. The poorest 20 percent of households would have to receive percent. The second poorest 20 percent of households have to receive percent.arrow_forward
- [Income Distribution]What is meant by the trade-off between equity and efficiency? Is there always such a trade-off ?arrow_forwardAnswer the question belowarrow_forward1. Give two examples of any facts (data) on older-adults (65+) population that surprised you or you did not expect. Erber provides a lot of data on topics including: demography and population trends, Baby Boomers, residence patterns, as well facts on health, education, gender, and poverty.arrow_forward
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