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What is the difference between wealth and income? 7) What is the main reason that the distribution of measured wealth is more unequal than the distribution of income?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5) What is the difference between wealth and income?

7) What is the main reason that the distribution of measured wealth is more unequal than the distribution of income?

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Step 2: Wealth vs. Income:

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Step 3: Causes of wealth inequality

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