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Unformatted text preview: Inequality involves an unequal distribution of income and/or wealth. Inequity means not fair. If there is status mobility, then inequalities are not necessarily unfair. 7. How does economic growth affect poverty rates? Is the relationship between the two positive or negative? Can you give any examples? There is a negative relationship between economic growth and poverty rates. Economic growth reduces poverty rates through job creation. For example, China and India managed to reduce their poverty rates by achieving high rates of economic growth....
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- Fall '09