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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Related Book For
Macroeconomics
ISBN: 9780367752279
Global Edition
Authors: Acemoglu Daron, Laibson David, List John.
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