Read "YOU'RE THE ECONOMIST: Pulling Back the Curtain on Income and Wealth Distribution" in Chapter 12. After reading the above case, answer the following two questions: (1) What would happen to the Lorenz curve if it also included wealth distribution? (2) Do you think income and wealth are fairly or unfairly distributed? Should we be concerned with this issue? If you think we should be concerned with growing income and wealth inequality, what remedies would you recommend?

Answer rating: 100% (QA)

1 Including wealth distribution in the Lorenz curve would provide a more comprehensive picture of in... View the full answer