Question

poverty and inequality in income distribution are the hindraces in the process of economic development. explain

Answer 1

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Income inequality among households is measured by the distribution of incomes according to size (or level) of income per household.

This is why changes in income distribution in the process of economic development cannot be correctly judged through the analysis of the functional distribution alone.

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Answer 2

Answer:

Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) termsBudget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number