wealth inequality?

Access for free at openstax.org
15 • Problems 385

40. To reduce income inequality, should the marginal tax rates on the top 1% be increased?

41. Redistribution of income occurs through the federal income tax and government antipoverty programs.

Explain whether or not this level of redistribution is appropriate and whether more redistribution should

occur.

42. How does a society or a country make the decision about the tradeoff between equality and economic

output? Hint: Think about the political system.

43. Explain what the long- and short-term consequences are of not promoting equality or working to reduce

poverty.

Problems

44. In country A, the population is 300 million and 50 million people are living below the poverty line. What is

the poverty rate?

45. In country B, the population is 900 million and 100 million people are living below the poverty line. What

is the poverty rate?
{"file_name": "Microeconomics3e.pdf", "title": "Principles of Microeconomics 3e", "total_pages": 597, "creator": "PDFMiner", "source": "downloads\\business\\economics\\Microeconomics3e.pdf", "file_size_mb": 26.99, "producer": "Prince 14.2 (www.princexml.com)", "upload_timestamp": "2026-02-07T15:24:38.309401", "batch_upload": true, "source_file": "downloads\\business\\economics\\Microeconomics3e.pdf", "file_hash": "830b81f41611ac67a490444dbb5d6aed292224606965b06965b914443c93331a", "creationdate": "2022-12-07T14:15:44-06:00", "file_type": ".pdf", "uploaded_via": "batch_uploader", "moddate": "2022-12-07T14:23:05-06:00"}