🎴 Flashcard Mode
Economic Growth and the Distribution of Income: Addressing Inequality and Poverty
Card1 / 15
Mastered0
Review0
QuestionClick to flip
What is the Kuznets curve?
AnswerClick to flip back
A
A graphical representation of the relationship between economic growth and income inequality
💡 Explanation:
The Kuznets curve is a graphical representation of the relationship between economic growth and income inequality. It typically shows that income inequality initially increases as an economy grows, but then begins to decrease as the economy continues to grow.