If we ignore income distribution and just judge policies according to which has the highest total GDP
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If we ignore income distribution and just judge policies according to which has the highest total GDP growth rate this is equivalent to attaching a higher weight to the higher income groups (not just an equal weight). Assuming that the shares of GDP going to each of the five groups are:
(1) 80%; (2) 10%; (3) 5%; (4) 4%; (5) 1%,
what weights must we attach to the growth rates of each group if G is to be the same as the growth rate of GDP? Do you think it is right that these weights should be used (if only implicitly)?
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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