8.28 Chapter 20 - Econ 101 Introduction to Microeconomics...

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Click to edit Master subtitle style Econ 101 Introduction to Microeconomics Professor Richard V. Burkhauser 20 An Inquiry into the Nature and Causes of the Wealth of Nations or How to Reduce Poverty in Modern Society
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Econ 101 – Professor Burkhauser Key Concepts poverty rate, p. 434 poverty line, p. 434 in-kind transfers, p. 437 life cycle, p. 437 permanent income, p. 438 Gini coefficient, class Lorenz curve, class inequality, class Kernel density function, class income distribution, class
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Econ 101 – Professor Burkhauser Middle-income Losing Ground? Making Lemons out of Lemonade Ithaca Journal, September 21, 2004
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Click to edit Master subtitle style Econ 101 Introduction to Microeconomics Professor Richard V. Burkhauser Income Inequality in the 1990s Burkhauser, Richard V., Kenneth A. Couch, Andrew J. Houtenville, and Ludmilla Rovba. Income Inequality in the 1990s: Re-forging a Lost Relationship? Journal of Income Distribution , 12(3-4) (2003-2004): 8-35. Burkhauser, Richard V. and Kenneth Couch, “Are United States Inequality and Mobility Trends in the European Union’s Future?” paper presented at the Conference on the Attractiveness of the European and the American Social Models, Social Science Research Center, Berlin, May 2007.
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Econ 101 – Professor Burkhauser Question 1: What is your best guess of your household s before tax income last year? a) 0 - $20,000 b) $20,001 - $38,000 c) $38,001 - $60,001 d) $60,002 - $94,160 e) $94,161 - $128,354 f) $128,355 - $167,880 g) $167,881 - $239,968 h) $239,969 - $424,645 i) $424,646+
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Econ 101 – Professor Burkhauser Question 2: The 1980s have been described as a period when the rich got richer, the poor got poorer, and large portions of the middle class became poorer. Is this an accurate view of the 1980s? a) Yes b) No
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Econ 101 – Professor Burkhauser Question 3: The 1990s have been described as a period when the rich got richer, the poor got poorer, and large portions of the middle class became poorer. Is this an accurate view of the 1990s?
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