what are some problems that arise when measuring economic inequality?

Question

Question

business economics

Answer 1

Answer #1

1 )Due to varied income, Income of individuals vary with time. which makes it difficult to measure economic inequality.

2) Due to inflation or economic growth, poverty line needed to modified accordingly which sometime is tedious.

3) there are some in kind transfers also. which are not in cash money. which are hard to evaluate for everyone.

4) The economics life cycle, an individual has varied income at part of his career. Hence it makes this difficult

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Answer 2

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