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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 21
In which of the following countries is income mobility likely higher? Explain your answer.
a. A country with a poverty rate of 25 percent, of which 80 percent represents chronic poverty.
b. A country with a poverty rate of 30 percent, of which 20 percent represents chronic poverty.
a. A country with a poverty rate of 25 percent, of which 80 percent represents chronic poverty.
b. A country with a poverty rate of 30 percent, of which 20 percent represents chronic poverty.
Explanation
Verified
Verified
Chronic poverty:
Chronic poverty is a s...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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