Choose the economic indicators below that do not cause higher income inequality but do correlate with higher income inequality; they may be caused by it. Options indicate how the indicator changes when income inequality increases. - GDP growth rate falls - Economic mobility rises - Educational access falls (not the same thing as "education") - Educational access rises (not the same thing as "education") - Access to health care falls - Rate of homeownership rises - Rate of homeownership falls - Economic mobility falls - Access to health care rises - GDP growth rate rises - All of the above - None of the above
Choose the economic indicators below that do not cause higher income inequality but do correlate with higher income inequality; they may be caused by it. Options indicate how the indicator changes when income inequality increases. - GDP growth rate falls - Economic mobility rises - Educational access falls (not the same thing as "education") - Educational access rises (not the same thing as "education") - Access to health care falls - Rate of homeownership rises - Rate of homeownership falls - Economic mobility falls - Access to health care rises - GDP growth rate rises - All of the above - None of the above
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter20: Income Inequality And Poverty
Section: Chapter Questions
Problem 3PA
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2) Choose the economic indicators below that do not cause higher income inequality but do correlate with higher income inequality; they may be caused by it. Options indicate how the indicator changes when income inequality increases.
-
- Economic mobility rises
- Educational access falls (not the same thing as "education")
- Educational access rises (not the same thing as "education")
- Access to health care falls
- Rate of homeownership rises
- Rate of homeownership falls
- Economic mobility falls
- Access to health care rises
- GDP growth rate rises
- All of the above
- None of the above
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