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Business, 03.03.2020 01:25 kyliewassup

Assume a society consists of two economic groups: one group is rich and the other group is poor. Suppose that 50 percent of the population is rich while the other 50 percent of the population is poor. Assume the total population is 100 million people. Consider two scenarios. Scenario A: The rich have $75 comma 000 each, while the poor have $3 comma 000 each. Scenario B: The rich have $8 comma 000 each, while the poor have $850 each.

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Assume a society consists of two economic groups: one group is rich and the other group is poor. Sup...
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