Asked by
Ellie Mwangi
on Nov 16, 2024
Verified
Refer to Table 20-2. According to the table, from 1970 to 2020, the Hapland income distribution became
A) less equal.
B) more equal.
C) more equal at the lowest level of income but less equal at highest level of income.
D) less equal at the lowest level of income but more equal at highest level of income.
Income Distribution
The way in which total income is shared amongst the members of a society, often analyzed to understand the extent of economic inequality.
Before-Tax Income
The total income earned by an individual or corporation before taxes have been deducted.
- Scrutinize the implications of public policies on rates of poverty and income inequality.
Verified Answer
KE
Learning Objectives
- Scrutinize the implications of public policies on rates of poverty and income inequality.