Question: Problem 5 a. Discuss the evolution of the world distribution of income over the last four decades. Is the distribution becoming bimodal? b. Do you

Problem 5

a. Discuss the evolution of the world distribution of income over the last four decades. Is the distribution becoming bimodal?

b. Do you think that, without technological progress, the average level human capital of an economy can increase without bounds? Why or why not?

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