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According to the National Bureau of Economic Research, a poor family is the one whose income falls below one-half of the median family income. Using this definition of poverty, answer the following questions.

a) How, if at all, would the proportion of poor families be affected if

(i) The income distribution changed from a positively skewed one to a symmetric one, leaving the median income unchanged?

(ii) Every income was increased by 20%?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9747316

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