1. It has been widely reported that income inequality within the US and other industrialized countries is growing. Yet one of the stylized facts is that capital does not seem to benefit from economic growth (as evidenced by the approximate constancy of the return to capital across time). If this is the think must be driving income inequality? case, what do you

1. It has been widely reported that income inequality within the US and other industrialized countries is growing. Yet one of the stylized facts is that capital does not seem to benefit from economic growth (as evidenced by the approximate constancy of the return to capital across time). If this is the think must be driving income inequality? case, what do you

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter33: Income, Income Distribution, And Poverty

Section: Chapter Questions

Problem 4E

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50. Which of the following statements are true regarding the worldwide redistribution of wealth? Choose all that apply. O From 1990 to 2010, China's economy grew 1,300 percent. As more of the world's economic growth comes from less developed nations, high-income nations, such as the United States, are losing their higher standard of living. Most developing nations-even those with high levels of political corruption-have seen dramatic growth. O From 1990 to 2010, the percentage of people worldwide who were living below the absolute poverty line was halved.
how Thomas Piketty relates the return on capital (r) to the rate of economic growth (g) in the context of inequality
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