How is the personal distribution of income in india changing

Assignment Help Econometrics

Reference no: EM131298686

Poor India makes millionaires at fastest pace India, with the world's largest population of poor people, also paradoxically created millionaires at the fastest pace in the world. Millionaires increased by 22.7 percent to 123,000. In contrast, the number of Indians living on less than a dollar a day is 350 million and those living on less than $2 a day is 700 million. In other words, there are 7,000 very poor Indians for every millionaire.
(Source: The Times of India, June 25, 2008)

How is the personal distribution of income in India changing?

Reference no: EM131298686

Questions Cloud

Describe how you have prepared for your intended major : Describe how you have prepared for your intended major, including your readiness to succeed in your upper-division courses once you enroll at the university.

Which of the entries in list 1 are capital goods : Which of the entries in List 1 are consumption goods and services and which are government goods? Explain your choice.

Absolutely no background in economics : Create an analogy or metaphor that explains how banks create and destroy money-one that would be understood by someone with absolutely no background in economics.

How the distribution of personal income in china : Explain how the distribution of personal income in China can be getting more unequal even though the poorest 20 percent are getting richer.

How is the personal distribution of income in india changing : In other words, there are 7,000 very poor Indians for every millionaire.

Engaging in open-market operations : Explain how the Fed can increase the money supply by engaging in open-market operations. What role do banks play in this process?

Write out the speech about food : The topic of the speech MUST be about food.- For example, food in prison , food in hospital , food in prison the USA, food &homeless , feeding the homeless , food donation. food memory and brain.

Corresponding course discussion area : As discussed in the chapter, one push by computer manufacturers is making computers run as efficiently as possible to save battery power and electricity.

In which is the total amount produced greater : Compare the scale of agricultural production in the advanced and developing economies. In which is the percentage higher? In which is the total amount produced greater?

User Account

All Pages