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How do government policies affect income?
Government policies and programs, such as benefit programs and the progressive income tax, reduce income inequality.
What are the effects of tax on in com distribution?
There are two types of tax that is related to income equality: Regressive tax: The tax as a percentage of your income decrease as your income rises. Example includes VAT (Value Added Tax) where the burden of the tax falls more heavily onb the poor than to the rich. Therefore it increases the income inequality. Progressive tax: The tax as a percentage of your income increases as your income rises. Example includes income tax where as your income rises, the tax percentage increases. Therefore, it creates more income equality.
What are the types of income distribution?
Personal income distribution and functional income distribution :)
What are the types of agriculture income?
income derived from agricultural land
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
In economics what does the Gini coefficient measure?
Income inequality
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 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.
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 the issue related with income distribution?
Corruption, wealth inequality, illiteracy.
The degree of income inequality among households is demonstrated by the?
the Lorenz curve
What are the two types of sentences?
equation and inequality
As income inequality continues to grow in the U.S., one can expect to see _____ between parties based on income?
increased polarization
What are the two types of math sentences?
equation and inequality
