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Author Question: How is the personal distribution of income in India changing? What will be an ideal ... (Read 46 times)

Diane

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on: Jun 29, 2018
How is the personal distribution of income in India changing?
 
  What will be an ideal response?

Question 2

Refer to Figure 13-4. In the figure above, LRAS1 and SRAS1 denote LRAS and SRAS in year 1, while LRAS2 and SRAS2 denote LRAS and SRAS in year 2. Given the economy is at point A in year 1, what is the growth rate in potential GDP in year 2?
 
  A) 8 B) 9.1 C) 10 D) 12


hollysheppard095

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Reply #1 on: Jun 29, 2018
Answer to Question 1

If the number of millionaires is growing more rapidly than the number of other income groups, it will be the case that the personal dis-tribution of income in India is becoming less equally distributed.

Answer to Question 2

C


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