Asked by Quang Quách on Jun 24, 2024
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Economists Cox and Alm compared the gap between rich and poor and found that the richest 20% was about 15 times better off than the poorest 20% when they compared what data?
Gap Between Rich And Poor
A term describing the widening disparity in wealth and income between the wealthiest and the poorest segments of a population.
Richest 20%
The segment of a population that holds the highest 20% of wealth or income.
Poorest 20%
Refers to the lowest quintile in an income distribution, representing the 20% of the population with the lowest income.
- Examine the variations in income disparity across various years within the United States.
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NH
Learning Objectives
- Examine the variations in income disparity across various years within the United States.