Poverty may be reduced: By redistributing income By increasing the gross domestic product [GDP] By imposing a minimum wage where it does not increase unemployment All of the above

Q: Distinguish unemployment rate and underemployment rate by using some real world examples.

A: The socio-economic issues prevail in the economy, and this leads to a bad impact on the economy. The…

Q: Workers who are part of the ______ economy in most cases are subject to lower wages and minimal…

A: Economies: An economy is an enormous arrangement between related creation and utilization exercises…

Q: Which of the following is correct? The labor force includes all adults who are able to work.…

A: The labor force refers to the total number of people who are either employed or unemployed but…

Q: Rank the following countries from most equal to least equal income distribution. Question List (5…

A: The Gini coefficient or index is used to analyze the distribution of inequality in income and…

Q: When comparing income and wealth inequality among "Western" industrial societies globally, the U.S.…

A: The income inequality shows that how much it differs when someone is earned in a given year in terms…

Q: The refers to the specific amount of income needed for a basic standard of living. poverty trap…

A: Poverty refers to the situation in which people do not have money to meet their basic needs of…

Q: The labor force excludes those: Multiple Choice who are disabled and can't work. who don't want to…

A: The objective of the question is to identify which groups of people are typically excluded from the…

Q: The poverty line is based on cash income, which means it does not take into account government…

A: The poverty line is the minimum level of income required to meet the minimum living conditions in an…

Q: Are economic inequality and national income related? Explain

A: Economic inequality refers to the situation where the economic factors are unequally distributed…

Q: What does poverty look like in Ethiopia country?

A: In order to meet their fundamental requirements for food, shelter, clothes, healthcare, and…

Q: The European Union has heavily protected its farm sector through import duties. Also, the Union…

A: The Leontief paradox was observed by economist Wassily Leontief in the 1950s.

Q: Mallory Larsen is a homemaker. Last week, she was busy with her normal household jobs. She is A…

A: Labor force is the sum of employed and unemployed people.

Q: In the chart below for 2020 income tax brackets it shows information for single and married persons.…

A: Income Tax  Income Tax is the type of tax that is imposed by the government of a country on the…

Q: The average income of the economy before the regressive transfer is $20 and the covariance between…

A: Introduction: Ginni coefficient: The Gini index, often known as the Gini coefficient, is a measure…

Q: Comparison of the share of the total income in a society that different groups receive measures:…

A: The answer is - income inequality.

Q: What are the major changes of the global distribution of income from 1980 to 2022, with figures,…

A: Analyzing the complete changes in the global distribution of profits from 1980 to 2021 requires a…