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What is income distribution in economics?

In economics, income distribution covers how a country's total GDP is distributed amongst its population. Economic theory and economic policy have long seen income and its distribution as a central concern. Unequal distribution of income causes economic inequality which is a concern in almost all countries around the world.

What are personal distribution statistics?

Personal distribution statistics, usually developed from tax reports, categorize wealth and income on a per capita basis. Gross national income (GNI) per capita provides a rough measure of annual national income per person in different countries.

What do modern economists think about income distribution?

Modern economists have also addressed issues of income distribution, but have focused more on the distribution of income across individuals and households. Important theoretical and policy concerns include the balance between income inequality and economic growth, and their often inverse relationship.

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