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Suppose in an economy the level of income inequality is high, as measured by Gini-coefficient it is 0.70. In order to decrease income inequality government
Suppose in an economy the level of income inequality is high, as measured by Gini-coefficient it is 0.70. In order to decrease income inequality government announces a welfare package of 100,000 billion Rs. to provide housing and medical facilities to poor. What will happen to income inequality or Gini coefficient?
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