Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 36, Problem 7PA
Subpart (a):
To determine
Redistribution of income.
Subpart (b):
To determine
Redistribution of income.
Subpart (c):
To determine
Redistribution of income.
Subpart (d):
To determine
Redistribution of income.
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Which of the following is most likely to make a country’s income distribution more equal?
a. Establishing a national sales tax on food and clothing
b. Establishing a progressive income tax system
c. Eliminating excise taxes on luxury goods
d. Proportionally decreasing the tax rate for all income groups
e. Reducing the subsidy to education
Demonstrate how the distribution of income
between rich and poor is affected by
government taxes, transfers and spending.
Which of the following will most likely lead to a more equal distribution of income?
a. More regressive national sales tax
b. More progressive income taxes
c. An increase in the high school dropout rate
d. An increase in structural unemployment
e. An increase in earnings for owners of capital
Chapter 36 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
Ch. 36.1 - Prob. 1QQCh. 36.2 - Prob. 2QQCh. 36.3 - Prob. 3QQCh. 36.4 - Prob. 4QQCh. 36.5 - Prob. 5QQCh. 36.6 - Prob. 6QQCh. 36 - Prob. 1QRCh. 36 - Prob. 2QRCh. 36 - Prob. 3QRCh. 36 - Prob. 4QR
Ch. 36 - Prob. 5QRCh. 36 - Prob. 6QRCh. 36 - Prob. 7QRCh. 36 - Prob. 8QRCh. 36 - Prob. 9QRCh. 36 - Prob. 10QRCh. 36 - Prob. 1QCMCCh. 36 - Prob. 2QCMCCh. 36 - Prob. 3QCMCCh. 36 - Prob. 4QCMCCh. 36 - Prob. 5QCMCCh. 36 - Prob. 6QCMCCh. 36 - Prob. 1PACh. 36 - Prob. 2PACh. 36 - Prob. 3PACh. 36 - Prob. 4PACh. 36 - Prob. 5PACh. 36 - Prob. 6PACh. 36 - Prob. 7PACh. 36 - Prob. 8PA
Knowledge Booster
Similar questions
- The Lorenz curve is used to show which of the following? a. The total income generated from all activities b. The degree of inequality in the distribution of income within a country c. The progressivity of the income-tax structure within a country d. The extent of wage differences among workers in similar occupations e. The change in the poverty rate within a country over timearrow_forwardFrom comparisons of income distribution studies over time, it generally appears that A. income is more evenly distributed in the richer nations. B. there are few variations in income distribution among developed and developing nations. C. comparisons over time demonstrate that income redistribution changes relatively quickly, so older data have limited value. D. the middle quintiles in most nations are growing at the expense of the bottom 20 percent. E. income inequality decreases in the early stages of development and reverses in the later stages.arrow_forwardPolicy Perspectives Refer to the table to answer one question. Income Transfers: The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly. Program Recipient Group Number of Recipients Value of Transfers Social Security Retired and disabled 67 million $1,002 billion workers Medicare Individuals over age 65 59 million $620 billion Medicaid Medically needy 75 million $400 billion individuals Unemployment compensation Unemployed workers 6 million $30 billion Food stamps Low-income 42 million households $63 billion Eamed Income Tax Credit Low-wage workers 30 million $70 billion Temporary Aid to Needy Families Poor families 3 million $17 billionarrow_forward
- Answer the questions based on the data in the table. Round all answers to two places after the decimal. Earner Annual income amount Income tax amount $30722.67 Sally $93099.00 Steve $163101.00 $47299.29 $233103,00 Jamie $58275.75 $303105.00 Pat $72745.20 What is Sally's tax rate? What is Pat's tax rate?arrow_forwardWHAT ARE SOME POLICIES THAT A GOVERNMENT CAN IMPLEMENT TO REDUCE INCOME INEQUALITY? SELECT ALL THAT APPLY A. Increase spending in education. B. Lower tax for the top quintile. C. Stregnthen anti-discrimination laws based on race, gender, sexual orientation, marital status, religion, and disability status. D. Increase access to affordable healthcare to all. E. Encourage corporate stock ownership.arrow_forwardWhich of the following is an example of a positive economic statement? a.The government should not be involved in the income redistribution schemes. b.The after-tax distribution of income is more equal than the pre-tax distribution of income. c.The distribution of income in the United States should be more equal. d.The tax system should be more progressive so that the after-tax distribution of income can be more equal.arrow_forward
- How to redistribute income to reduce poverty, without causing loss of economic incentives.arrow_forward1. Describe how each of these changes is likely to affect poverty and inequality: a. Incomes rise for low-income and high-income workers, but rise more for the high-income earners b. Incomes fall for low-income and high-income workers, but fall more for high-income earners. 2. Based on the theory of rational ignorance, what should we expect to happen to voter turnout as the Internet makes information easier to obtain? 3. What is the cost of voting in an election? 4. What is the main factor preventing a large community from influencing policy in the same way as a special interest group? 5. How does the TANF attempt to loosen the poverty trap?arrow_forwardHow does the government make an equitable/impartial/fair distribution of income? Give an example and explain why.arrow_forward
- Match the scenario/description provided to the the type of poverty OR human development issue to which it best applies. absolute poverty - A. B. C. D. E. Human development issue - A. B. C. D. E. subjective poverty - A. B. C. D. E. relative poverty A. Mary won 1K in a scratch off. She has bunch of credit card debt. She knows she should use the 1000 for that, but she never gets to have special things so she bought herself a Louis Vuitton, and said to heck with bills. B. Mary set up a tent-like shack beside the river for her and her family to live because they didn’t have any housing. It was swept away unexpectedly with jer and her family inside when the river dam was opened by the authorities in the area. C. Mary is one of the one billion…arrow_forwardWhat effect does implementing a progressive tax system have on income inequality in a country? A. It increases income inequality. B. It has no effect on income inequality. C. It decreases income inequality. D. It first decreases income inequality, then increases it.arrow_forwardMatch the scenario/description provided to the the type of poverty OR human development issue to which it best applies. - A. B. C. D. E. absolute poverty - A. B. C. D. E. subjective poverty - A. B. C. D. E. human development issue - A. B. C. D. E. relative poverty A. Mary’s SNAP card is almost empty and there’s too much month left for the money. The kids are just going to have to eat plain noodles for supper with no bologna in it this time. B. Oprah Winfrey built a network of schools in Kenya to help provide educational resources to Mary and other girls in the area. The hope is that generational poverty and preventable diseases will decrease over time. C. Mary was hoping…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Principles of MicroeconomicsEconomicsISBN:9781305156050Author:N. Gregory MankiwPublisher:Cengage Learning
Economics Today and Tomorrow, Student EditionEconomicsISBN:9780078747663Author:McGraw-HillPublisher:Glencoe/McGraw-Hill School Pub Co
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Economics Today and Tomorrow, Student Edition
Economics
ISBN:9780078747663
Author:McGraw-Hill
Publisher:Glencoe/McGraw-Hill School Pub Co
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning