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Question: Income Gap Growing In 2009, people in the highest quintile had 24.6 times as much market income as those in the lowest quintile, but after taxes and transfers the people in the highest quintile had 9.1 times as much income as those in the lowest quintile. In 1989, the people in the highest quintile had 7.2 times more income after taxes and transfers than those in the lowest quintile. In 1990, 82.9 percent of the unemployed received unemployment benefits. In 2009, 47.8 percent of the unemployed received unemployment benefits.

Explain what the information provided in the news clip implies about the effects of income redistribution policies on the income gap between the richest and poorest Canadians.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93105233

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