Question: does anyone know this ? QUESTION 5 [Max 150 words, 5 marks] Figure 4 shows gross domestic product per capita in five countries over the

does anyone know this ?

does anyone know this ? QUESTION 5 [Max 150 words, 5 marks]

QUESTION 5 [Max 150 words, 5 marks] Figure 4 shows gross domestic product per capita in five countries over the years of 1000-2015. Figure 4 | Gross domestic product per capita in five countries (1000-2015) 30,000 Britain Japan 25,000 iChina 20/000 GDP per capita 15,000 10.000 5.000 1000 1200 1400 1600 1800 2000 Year Discuss the following: . What does Figure 4 tell us about within-country and between-country inequality over time? What is the reason behind the trend of inequality you observe in Figure 4? QUESTION 6 [ Max 200 words, 5 marks] Automation, broadly referring to the adoption of machines and computers in the production process, has become increasingly more popular across many sectors and countries. Discuss how the increasing trend of automation contributes to the within-country inequality. Your discussion must refer to the phenomenon of the missing middle observed in many developed countries, e.g. the US as shown in Figure 5 below. Figure 5 | The missing middle in the US (2014-2024) Quintiles of employment in 2014: occupations with mean Top quintile (above $66 790) Second quintile (below $66,790 and above $44,040) annual wage Third quintile (below $44,040 and above $33.280) Fourth quintile (below $33,280 and above $26,390) Fifth quintile (below $26 350) 1,000 2000 3,000 Total projected job growth 2014-24 (thousands of employees)

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