Suppose that country A has higher income per capita than country B. Explain why this does not

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Suppose that country A has higher income per capita than country B. Explain why this does not imply that most citizens of country A have higher income than most citizens of country B. Try to construct an example in which both countries have 10 citizens to demonstrate this point.

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Macroeconomics

ISBN: 9780367752279

Global Edition

Authors: Acemoglu Daron, Laibson David, List John.

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