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Learning Objectives
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In this chapter you will learn:
  • How income inequality in the United States is measured and described.
  • The extent and sources of income inequality.
  • How income inequality has changed since 1970.
  • The economic arguments for and against income inequality.
  • How poverty is measured and its incidence by age, gender, ethnicity, and other characteristics.
  • The major components of the income-maintenance program in the United States.







McConnell, Microe 17e OLCOnline Learning Center

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