4 ms·
Correct, but remember that, if income across most of the population were to be increased, keeping the amount of total income constant, then average relative inc
by lolcraft 14y ago
Correct, but remember that, if income across most of the population were to be increased, keeping the amount of total income constant, then average relative income would increase. For example, a typical redistribution tax in the typical, modern capitalist society, would have this effect.