Chapter 21 – Poverty, Inequality, and Discrimination
Answer: The goal of economic development is not only the immediate
effect of the policy on poverty but also the growth it will produce for the
entire economy in the future. Common examples of such policies include
Some policies may redistribute resources with the explicit purpose of
reducing chronic poverty or lessening income inequality.
a. The social policy is one of redistribution.
7. Imagine a person who makes $400 per week working 40 hours per week
for 50 weeks of the year. She is currently eligible for a welfare program,
available to people with income below $21,000, which gives her $800 a year.
No such program is available to people with income above $21,000 per year.
Her boss offers her a promotion that would increase her wage by 25 cents
per hour. [LO 21.5]
a. What is her total income before the promotion?
b. What is her total income if she accepts the promotion?
c. Should she accept the promotion if she wants to have higher income?
Answer:
a. Before the promotion her total income is $20,800 a year ($20,000 +
$800).
8. President Joe Nositall just published a report for his country, laying out
various scenarios for the economy in the next year. Table 21P-6 shows his
report, with various levels of GDP growth, income equality, and tax rates.
[LO 21.6]
a. Rank the scenarios from the most equal to the most unequal income
distribution (deKned as the average income of the top decile of earners
divided by the average income of the bot-tom decile of earners).
b. Rank each scenario in terms of the level of GDP growth between 2017 and
2018.
c. Between which scenarios is there no trade-off between GDP growth and
income equality?
Answer:
a. Scenarios from the most equal to the most unequal income
distribution: B, D, C, A
21-4
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