(a) To indicate: The effect of massive influx of low-skilled immigrants on the distribution of income.

Question

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Answer 1

Question

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

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Jim's Bank Account for the Year to 30 April 2008: We will start by calculating the balance of the business bank account, using the transactions provided. Opening Balance: Jim initially deposited €150,000 into his business bank account on 1 May 2007. Transactions: Receipts: Cash Sales (May 2007 to April 2008): €96,000 Credit Sales (Business customers): €19,600 (Note: This amount is not yet received as it is on credit, but it will be included in the Income Statement and not the bank balance at this stage.) Bank receipts from credit customers (amount owed at 30 April 2008): €6,800 Total Receipts:€96,000 (Cash Sales) + €6,800 (credit customer payments) = €102,800 Payments/Expenditures: Lease Payment (Paid in advance for five years): €50,000 Shop Fitting: €10,000 Assistant’s Wages: €250 per month × 12 months = €3,000 Telephone expenses: €800 Heat & Light expenses: €1,000 Jim’s withdrawals for personal expenditure: €1,000 × 12 months = €12,000 Accounting Fee (after the year-end):…

Answer 2

Question

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 6

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 7

Chapter 17, Problem 1P

To determine

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

Answer 8

Expert Solution

Explanation of Solution

The massive influx of low skilled immigrants will affect income distribution because the unskilled worker receives less wage as compared to skilled labor. However, unemployment will also increase as the number of unskilled labor increases.

Answer 9

Expert Solution

Answer 10

Expert Solution

Answer 11

Expert Solution

Answer 12

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 13

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 14

To determine

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

Answer 15

Expert Solution

Explanation of Solution

A new baby boom will affect the income distribution and it will create an unequal distribution of income because a new baby boom will create high dependency on earners.

Answer 16

Expert Solution

Answer 17

Expert Solution

Answer 18

Expert Solution

Answer 19

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 20

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 21

To determine

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

Answer 22

Expert Solution

Explanation of Solution

The new baby boomers entering their 20s that means the baby boomer are young and now they can contribute to the economy. However, the earning capacity is more in youth hence the fair income distribution will occur.

Answer 23

Expert Solution

Answer 24

Expert Solution

Answer 25

Expert Solution

Answer 26

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 27

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 28

To determine

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

Answer 29

Expert Solution

Explanation of Solution

The new baby boomers of age 65 or older are those whose capacity of earning is decreased. As age 65 or older is the retirement age and this will create an unequal distribution of income.

Answer 30

Expert Solution

Answer 31

Expert Solution

Answer 32

Expert Solution

Answer 33

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 34

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 35

To determine

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

Answer 36

Expert Solution

Explanation of Solution

The increase in cash transfer payment will create a fair distribution of income because cash transfer payment refers to the direct transfer of income by the federal government to the eligible person.

Answer 37

Expert Solution

Answer 38

Expert Solution

Answer 39

Expert Solution

Answer 40

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 41

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 42

To determine

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.

Answer 43

Expert Solution

Explanation of Solution

The increase in in-kind transfer payment will create an unfair distribution of income because it will be difficult to evaluate the value of service in-kind. However, it becomes easy to evaluate the service and provide cash accordingly.

Answer 44

Expert Solution

Answer 45

Expert Solution

Answer 46

Expert Solution

Answer 47

Economics Concept Introduction

Income Distribution:

Income distribution refers to the way in which total GDP of a country is distributed in the economy. If everyone in the country earns almost the same amount of money, then the distribution of income is fair. If the income varies widely among the different classes of people in an economy, it is termed as unequal distribution of income.

Answer 48

Ch. 17 - Prob. 1P Ch. 17 - Prob. 2P Ch. 17 - Prob. 3P Ch. 17 - Prob. 4P Ch. 17 - Prob. 5P Ch. 17 - Prob. 6P Ch. 17 - Prob. 7P Ch. 17 - Prob. 8P Ch. 17 - Prob. 9P Ch. 17 - Prob. 10P

(a) To indicate: The effect of massive influx of low-skilled immigrants on the distribution of income.

(a) To indicate: The effect of massive influx of low-skilled immigrants on the distribution of income.

Explanation of Solution

(b) To indicate: The effect of occurring of a new baby boom on the distribution of income.

Explanation of Solution

(c) To indicate: The effect of new baby boomers which are entering in their 20s on the distribution of income.

Explanation of Solution

(d) To indicate: The effect of baby boomers who are aged 65 or are older on the distribution of income.

Explanation of Solution

(e) To indicate: The effect of an increase in cash transfer payments on the distribution of income.

Explanation of Solution

(f) To indicate: The effect of in-kind transfer payments on the distribution of income.

Explanation of Solution

Want to see more full solutions like this?

Chapter 17 Solutions

(a)

To indicate:

The effect of massive influx of low-skilled immigrants on the distribution of income.

(b)

To indicate:

The effect of occurring of a new baby boom on the distribution of income.

(c)

To indicate:

The effect of new baby boomers which are entering in their 20s on the distribution of income.

(d)

To indicate:

The effect of baby boomers who are aged 65 or are older on the distribution of income.

(e)

To indicate:

The effect of an increase in cash transfer payments on the distribution of income.

(f)

To indicate:

The effect of in-kind transfer payments on the distribution of income.