Use Table 2.1 to construct what is known as a Kuznets ratio (named after the economist and
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Use Table 2.1 to construct what is known as a Kuznets ratio (named after the economist and historian Simon Kuznets): the ratio of incomes earned by the richest 20% of the population to the those earned by the poorest 40% of the population. If incomes were distributed almost equally, what value would you expect this ratio to assume? What values do you see? In the sample represented by Table 2.1, do you see a trend as we move from poor to rich countries?
Table 2.1
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