1. List three reasons why poverty and extreme inequality may be bad for a society. (...

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1. List three reasons why poverty and extreme inequality may be bad for a society. (<3 sentences) 2. Measuring inequality a. What are five common ways to measure income inequality in a country b. Which one is your favorite? (1 sentence) c. Name one of the measurements that is not expressed as a single number. 3. Example: A country has 100 million population. 8% of the National Income goes to the poorest 25 million. The Median income Statistics of this country is 24%, and 48% of the National Income goes to the richest 25% of the population. Complete the Lorenz Curve table below: Quartile Share of income First (Bottom) Second Third Fourth (Top) Total 100% 4. Do you think top 1% gets more than 3% of National income in this country? Explain why. 5. Explain how Climate Change increases income inequality around the world. (<3 Sentences) 1. List three reasons why poverty and extreme inequality may be bad for a society. (<3 sentences) 2. Measuring inequality a. What are five common ways to measure income inequality in a country b. Which one is your favorite? (1 sentence) c. Name one of the measurements that is not expressed as a single number. 3. Example: A country has 100 million population. 8% of the National Income goes to the poorest 25 million. The Median income Statistics of this country is 24%, and 48% of the National Income goes to the richest 25% of the population. Complete the Lorenz Curve table below: Quartile Share of income First (Bottom) Second Third Fourth (Top) Total 100% 4. Do you think top 1% gets more than 3% of National income in this country? Explain why. 5. Explain how Climate Change increases income inequality around the world. (<3 Sentences)

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1 Poverty and extreme inequality can be detrimental to society because they lead to social unrest an... View the full answer