Question:

What other property of income id important in comparing two or more societies?

by Guest45411  |  earlier

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What other property of income id important in comparing two or more societies?

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2 ANSWERS


  1. average income (per capita) and income distribution.

    distribution is important b/c one super-rich person plus a bunch of poor people will have same average as a bunch of middle-income people.


  2. Income distribution (expressed by Gini coefficient and Lorenz curve)

    Average income per capita

    Real income instead of nominal

    Price level

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