Explain how a country may experience greater equality in the distribution of income, yet still experience high

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Explain how a country may experience greater equality in the distribution of income, yet still experience high rates of poverty. "How do governments measure poverty in low-income countries?" and compare to Table 15.5.

Table 15.5

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 31, 2023 07:24 AM

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Explain how a country may experience greater equality in the distribution of income, yet still experience high

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Year 1967 1970 1975 1980 1985 1990 Lowest Quintile 4.0 4.1 4.3 4.2 3.9 3.8 Second Quintile 10.8 10.8 10.4 10.2 9.8 9.6 Third Quintile 17.3 17.4 17.0 16.8 16.2 15.9 Fourth Quintile 24.2 24.5 24.7 24.7 24.4 24.0 Highest Quintile 43.6 43.3 43.6 44.1 45.6 46.6 Top 5% 17.2 16.6 16.5 16.5 17.6 18.5

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A country may experience greater equality in the distribution of income yet still experience high rates of poverty if the overall level of income in t...View the full answer

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