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Incomes in china and india are a small fraction of incomes

Question: Incomes in China and India are a small fraction of incomes in Canada. But incomes in China and India are growing at more than twice the rate of those in Canada.

a. Explain how economic inequality in China and India is changing relative to that in Canada.

b. Explain how the world Lorenz curve and world Gini ratio are changing.

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Microeconomics: Incomes in china and india are a small fraction of incomes

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Microeconomics: Incomes in china and india are a small fraction of incomes

Reference No:- TGS02410114

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