Question

The current personal distribution ofincome in the U.S. is A. the natural outcome of hard work...

The current personal distribution ofincome in the U.S. is

A. the natural outcome of hard work vs. laziness

B. the natural outcome of the pricipal of pay for performance that guides the U.S. economy

C. more equal than the average for advanced economics

D. potentially economically unhealthy in terms of markets and the circular flow

why?

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Answer #1

The current districbution of income in US is d very potentially unconomically healthy in terms of both the market as as well as circular flow because it there is high inequality in the market. The major causes are technological change, decline in labour unions, globalization and there is not constant weight given to each of these factors. Further imports and credibility on investors have fallen over time and has eroded he middle class job growths nand suppressed wages.

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