Economic inequality compares the share of the ____________ in society that is re

Question

Economic inequality compares the share of the ____________ in society that is received by different groups; such as comparing the share of income received by the _________ to the share of income received by the _____________ .

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If a society decides to reduce the level of economic inequality, which of the following sets of tools can it use?

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Why did inequality of household income increase in the United States in recent decades?

demand for high-skilled labor at higher wages increased and b and c

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A group of 10 golfing buddies have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the third quintile of this income distribution is

14.9%

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Explanation / Answer

1.total income; bottom 10%; top 10%

2.redistribution from those with high incomes to those with low incomes

3.growth of single-parent families at the top end of the income distribution

4.14.1%

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