Question
1. (Pages 1 -5) a. what are some of the dimensions of economic inequality and what is consideredincome? b. Explain three methods of measuring income
1. (Pages 1 -5)
a. what are some of the dimensions of economic inequality and what is consideredincome?
b. Explain three methods of measuring income inequality of a nation.
2.Compare the method used by the United Nations to measure of global poverty, to the method used to measure U.S poverty rate. (Pages 3 -5)
3. How can profit motive lead to income inequality? (Pages 33 - 35)
4. How does profit motive affect innovation and economic productivity? (Pages 43 - 50).
5. Describe some of the basic components of the evolution of capitalism (pages 73 - 82).
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