Discuss the Key Changes in the Distribution of Income Over

question 22

Essay

Discuss the key changes in the distribution of income over the 20th century.Use statistics to back the claim that the income distribution after transfers is about as unequal today as it was almost twenty years ago.

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Definitions:

Kilauea Volcano

An active shield volcano in the Hawaiian Islands, well known for its frequent and relatively mild basaltic lava flows.

Scoria Cone

A type of volcano characterized by its cone-shaped peak, formed from volcanic cinders that fall around a central vent.

Igneous Eruptions

Volcanic events that involve the expulsion of magma from the Earth's interior, forming igneous rocks upon cooling.

Flood Basalts

Vast plains of basaltic lava that cover large areas of the Earth's surface, resulting from extensive eruptions.