The following question refers to income inequality and the Lorenz curve. Answer the question below: - Does it matter if some people are much richer than others? - Who are the top 1 percent in income and what are the effects of demography on social inequality in various regions of the world today? - Why has income inequality worsened? - Does wealth distribution follow a similar pattern from generation to generation? What do experts say is the best way to shrink the wealth gap?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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The following question refers to income inequality and the Lorenz curve. Answer the question below:


- Does it matter if some people are much richer than others?
- Who are the top 1 percent in income and what are the effects of demography on social
inequality in various regions of the world today?
- Why has income inequality worsened?
- Does wealth distribution follow a similar pattern from generation to generation?

What do experts say is the best way to shrink the wealth gap?

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