Question
(b) Suppose there are ten individuals in the economy, with income level are as follows; 10, 20, 35, 40, 45, 50, 80, 90, 200,500.
(b) Suppose there are ten individuals in the economy, with income level are as follows; 10, 20, 35, 40, 45, 50, 80, 90, 200,500. (10) Government releases the amount of 100 Rs. to target the socioeconomic variables. How you will distribute this income to reduce income inequality and poverty. Moreover, you have to achieve the target of higher welfare as well. What types of challenges are there in achieving the above mentioned targets? Suggest two options with the 100 Rs. grant with detailed analysis in the case of policy 1 and 2.
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