Reference no: EM131107043
Is inequality in the U.S. rising or falling?
As we have seen, our economic well-being depends on many factors: income, wealth, pre-or post-tax earnings, family size and whether or not earnings postponed to the future. Consequently, it isn't surprising that politicians can find data to support nearly any position about whether Americans are getting poorer or richer. In this week's assignment, you will investigate the use of data by two economists who reach entirely opposite conclusions.
Steven Pearlstein, conservative business columnist for the Washington Post, argues that the middle class continues to do well.https://WWW.washingtonpost.com/wp-dyn/content/article/2007/05/29/AR2007052902001.html
On the other hand, Jared Berstein, writing in the liberal The American Prospect magazine maintains that living standards have slipped for the middle class. https://www.epinet.org/content.cfm/webfeatures_econindicators_income20040826
Or:
https://prospect.org/article/squeeze-0
Respond to the following key questions:
1. What are the strongest arguments presented by each side?
2. What are the weakest arguments presented by each side?
3. What additional data would you like to have in order to determine who is correct?
Your final product will be a paper that:
• Addresses each of the four questions above in total.
• Is APA fortified.
• The body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week's materials.
|
Perturbation theory to derive the pca
: In Section 8.4, we used perturbation theory to derive the PCA.In this problem we address this same issue from the perspective of a constrained-optimization approach.
|
|
Discuss the effects of each of the foregoing options
: Acting as financial advisor to the board, you have been asked to report briefly on each option and, considering the board's wishes, make a recommendation. Discuss the effects of each of the foregoing options.
|
|
Formula of the ionic compound
: When 1,2-diaminoethane dissolves in water, the resulting solution is basic. Write the formula of the ionic compound that is formed when 2 molar equivalents of hydrochloric acid is added to a solution of 1,2-diaminoethane. Write an electrically neu..
|
|
Sample from a binomial distribution with parameters
: Let X1,..., X25 be an i.i.d. sample from a binomial distribution with parameters n and p. Suppose n and p are unknown. Write down the method of moments equations that would need to be solved to estimate n and p.
|
|
What are the strongest arguments presented by each side? 2.
: What are the strongest arguments presented by each side? What are the weakest arguments presented by each side? What additional data would you like to have in order to determine who is correct?
|
|
Why does cold water boil faster than warm water
: Why does cold water boil faster than warm water? Does it have to do with pressure?
|
|
Requires knowledge of three-dimensional determinants
: (This exercise requires knowledge of three-dimensional determinants.) Let (X, Y, Z) be independent standard normal random variables. Let (Φ, Θ, R) be the corresponding spherical coordinates.
|
|
What might account for the ostensible rarity of talent
: According to Tumin, what is D&M's mistaken assumption when it comes to motivations? Does Tumin argue that D&M have a too-narrow conception of possible motivations, or too broad?
|
|
The following is a summary of all relevant transactions
: The following is a summary of all relevant transactions of Vicario Corporation since it was organized in 2010. In 2010, 15,000 shares were authorized and 7,000 shares of common stock ($50 par value) were issued at a price of $57.
|