Econ 530 Study Study Guide Graded A+

D) none of the above. {Ans: With modern sector enrichment growth, inequality will A) first rise and then fall. B) first fall and then rise. C) remain about the same. D) none of the above.}B) False {Ans: Trure/ False: Poverty is a relative term, but inequality is an absolute term A) True B) False}B) Quintiles, or dividing a whole group into fifths. {Ans: A method often used by economists to look at distribution of income in a society's economy involves A) programs for wealth redistribution. B) quintiles, or dividing a whole group into fifths. C) imposing taxes to redistribute wealth. D) None of the above}B) The level of relative inequality. {Ans: The Gini coefficient provides a measure of A) the level of poverty. B) the level of relative inequality. C) disguised unemployment. D) the rate of growth.}A) then poverty will fall and inequality will rise. {Ans: If wages rise for both low-income and high-income workers, but the increase is higher for the high-income workers, A) then poverty will fall and inequality will rise. B) then poverty will rise and inequality will rise. C) then poverty will fall and inequality will fall. D) then poverty will