Taxes and transfers have little effect on reducing income inequality in Canada True or False The...
Taxes and transfers have little effect on reducing income inequality in Canada
True or False
The global income Gini coefficient is larger than that in any individual country.
True or False
Homework Answers
1)the given statement is false and this is because of the fact that the tax system of Canada is highly progressive in nature so that the higher income individuals pay higher tax and the transfer mechanism and redistribution effects can get to reduce the inequality of income in Canada to a greater extent on the whole
Therefore 'False' is the answer to this question
2)the given statement is false in this is because of the fact that the global Gini coefficient my life somewhere between the highest and lowest Gini coefficient because all the the population is taken into account and it is a weighted average and therefore it cannot lie in a higher position than that of some individual country
Therefore 'False' is the answer to this question
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Taxes and transfers have little effect on reducing income
inequality in Canada
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The...
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