Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 28, Problem 5QP
To determine
The factors that determine income inequality.
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Debate the economic arguments for and against income inequality
Which of the following factors does NOT contribute to income inequality?
A.
THE RISE OF TWO-EARNER HOUSEHOLDS
B.
DIFFERENCES IN HUMAN CAPITAL
C.
DISCRIMINATION IN THE WORKPLACE
D.
GOVERNMENT POLICIES ON TAXES AND MINIMUM WAGE
E.
AN INCREASE IN AFTER-SCHOOL PROGRAMS
Explain and interpret different methods of measuring income inequality.
Chapter 28 Solutions
Economics (MindTap Course List)
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- Describe how a push for economic equality might reduce incentives to work and produce output. Then describe how a push for economic inequality might nut have such effects.arrow_forwardWhich among the following is not a measure of income inequality? Select one: a. All the answers are correct b. Income distribution by income category c. Income distribution by quintiles d. None of the answers is correct e. Average household incomearrow_forwardDiscuss income inequality, measurement and causes.arrow_forward
- What is the primary measure of income inequality that represents the dispersion of income among a population? A. Price index B. Lorenz curve C. Gini coefficient D. Phillips curvearrow_forwardExplain how income inequality in the United States is measured and described.arrow_forwardShould the government be involved to create more equality in income disparitiesarrow_forward
- In order to measure income inequality, economists look at how income is distributed in ... Group of answer choices a. quintiles b. degrees c. five percent brackets d. ten percent bracketsarrow_forwardEconomists experience difficulties in accurately measuring income inequality because of which of the following? Choose one or more: A. The Gini index calculation discriminates against the poor in developed economies. B. Government programs are inefficient and difficult to monitor. C. large, underground economies that lack the reporting of income to the government D. Measurements tend to use "before tax" income, not "after tax" income (disposable income), which is the income people actually have available to purchase goods and services. E. The population size of an economy impacts the distribution of data, causing large economies to show more inequality than smaller economies. F. do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market G. in-kind transfers where goods and services are given as aid to the poor instead of casharrow_forwardWhich of the following would be a significant cause of income inequality in the United States? A. HousingB. DiscriminationC. In-kind transfersD. Social Securityarrow_forward
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