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1. Define the concept of poverty (use your own words; no need to go to a book or encyclopedia). 2. Why do you think growth

1. Define the concept of poverty (use your own words; no need to go to a book or encyclopedia).

2. Why do you think growth is important for poverty reduction?

3. Why do you think growth is important for inequality reduction? Do you think growth ALWAYS reduces income inequality? Based on results from Part 1, problem 1, do you think inequality across countries are decreasing?

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