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Chapter 9 of Economics by HA-JOON CHANG 10. Which is higher - income inequality or wealth inequality? Why? 11. Is inequality converging or diverging among
Chapter 9 of Economics by HA-JOON CHANG 10. Which is higher - income inequality or wealth inequality? Why? 11. Is inequality converging or diverging among different countries? Why? 12. Explain the difference between absolute and relative poverty. 13. What is the poverty line? What is the difference between median and average income? 14. Define a poverty gap. 15. What are some of the causes of poverty mentioned in the chapter? 16. To what extent do you agree or disagree with the statement: "Even the almighty king cannot do anything about poverty
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