(a)[2]
The article states that many in the US believe inequality is not equitable. What is the difference between equality and equity?
(b)[4]
Using the article, explain two ways in which inequality is seen as harmful.
(c)[6]
Do the changes in real annual pay shown in Fig. 1.1 back up the idea that inequality is increasing in the US?
(d)[8]
The article mentions reducing inequality by means of taxation. Discuss the effectiveness of fiscal policy in redistributing income.