smaller Gini coefficient than curve 3
larger Gini coefficient than curve 3
larger Gini coefficient than curve 1
equivalent Gini coefficient to curves 1 and 3
Homework Answers
"A"
Curve 2 has a small gini co efficient than curve 3, as 3 is more curve that means a higher gini coefficient and more inequality.
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smaller Gini coefficient than curve 3
larger Gini coefficient than curve 3
larger Gini coefficient than...
Use the chart shown to answer the question. Comparing curves 1, 2 and 3, which illustrates...
Use the chart shown to answer the question.
Comparing curves 1, 2 and 3, which illustrates the greatest
amount of income inequality?
Group of answer choices
curve 3 (the highest curve)
curve 1 (the lowest curve)
curve 2 (the middle curve)
they all illustrate equal amounts of income inequality
We were unable to transcribe this imageDistribution of Income Percentage of Income 60 80 100 40 Percentage of HH 1- -2- -3
choose correct answer. i think its the last one im not sure. Use the chart shown...
choose correct answer. i think its the last one im not
sure.
Use the chart shown to answer the question. What does curve 3 represent? Distribution of Income 100 90 80 70 50 40 30 20 10 0 0 20 40 60 80 100 Percentage of HH 1 2 3 the bottom quintile earning 50% of total income a completely inequal distribution of income the top quintile earning 40% of total income a completely equal distribution of income Percentage of...
3. The Gini Index Problem How is possible to measure the distribution of income among the inhabit...
3. The Gini Index Problem How is possible to measure the distribution of income among the inhabitants of a given country One such measure is the Gini index, named after the Italian economist Corrado Gini, who first devised it in 1912. We first rank all households in a country by income and then we compute the percentage of households whose income is at most a given percentage of the country's total income. We define a Lorenz Curve y L(x) on...
Country A has a Gini coefficient of .8 (point 8), and country B has a Gini...
Country A has a Gini coefficient of .8 (point 8), and country B has a Gini coefficient of .2 (point 2). Which of the following can we conclude? Country B has more income inequality than country A. If you add the incomes of the populations of country A and country B, you will end up with a perfectly equal income distribution. All of the listed answers are correct. Both countries have relatively equal income distributions. Both countries have equal income...
please ignore part1 ,need answers for part 2 Q5. Inequality Part I: Lorenz-Curve and Gini Coefficient...
please ignore part1 ,need answers for part 2
Q5. Inequality Part I: Lorenz-Curve and Gini Coefficient Consider the following (very roughly measured) distribution of income in the economy Share of Households Cumulative Share of Income 0 Thus, the distribution function says that the lower half of the households carns one fourth of the total income in the society 1. Draw the Lorenz-curve for the economy 2 Calculate the Gini-coefficient. Part II: Redistributing Income Suppose that in an economy composed of...
Country A has a Gini coefficient of .7 (point 7), and country B has a Gini...
Country A has a Gini coefficient of .7 (point 7), and country B has a Gini coefficient of .4 (point 5). Which of the following can we conclude? Country A has more income inequality than country B. If you add the incomes of the populations of country A and country B, you will end up with a perfectly equal income distribution. Both countries have equal income distributions, because their Gini coefficients are less than 1. All of the above. Which...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? b. (6) Explain how to use the information in Figure 2 to calculate the Gini coefficient 1. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of income Lorenz Curve 100 Percentage of Population Figure 2 2) (10) Describe...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? b. (6) Explain how to use the information in Figure 2 to calculate the Gini coefficient. i. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of Income Lorenz Curve 100 Percentage of Population Figure 2 2) (10) Describe...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? I i. What does a high number indicate? b. (Explain how to use the information in Figure 2 to calculate the Gini coefficient. i. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of Income Lorenz Curve 0 100...
1. What is the environmental Kuznets curve? What factors may make it reasonable? In what cases...
1. What is the environmental Kuznets curve? What factors may make it reasonable? In what cases does it seem incredible? 2. What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary measures of equality and inequality in a nation’s distribution of income.
Use the chart shown to answer the question.
Comparing curves 1, 2 and 3, which illustrates the greatest
amount of income inequality?
Group of answer choices
curve 3 (the highest curve)
curve 1 (the lowest curve)
curve 2 (the middle curve)
they all illustrate equal amounts of income inequality
We were unable to transcribe this imageDistribution of Income Percentage of Income 60 80 100 40 Percentage of HH 1- -2- -3
choose correct answer. i think its the last one im not
sure.
Use the chart shown to answer the question. What does curve 3 represent? Distribution of Income 100 90 80 70 50 40 30 20 10 0 0 20 40 60 80 100 Percentage of HH 1 2 3 the bottom quintile earning 50% of total income a completely inequal distribution of income the top quintile earning 40% of total income a completely equal distribution of income Percentage of...
3. The Gini Index Problem How is possible to measure the distribution of income among the inhabitants of a given country One such measure is the Gini index, named after the Italian economist Corrado Gini, who first devised it in 1912. We first rank all households in a country by income and then we compute the percentage of households whose income is at most a given percentage of the country's total income. We define a Lorenz Curve y L(x) on...
please ignore part1 ,need answers for part 2
Q5. Inequality Part I: Lorenz-Curve and Gini Coefficient Consider the following (very roughly measured) distribution of income in the economy Share of Households Cumulative Share of Income 0 Thus, the distribution function says that the lower half of the households carns one fourth of the total income in the society 1. Draw the Lorenz-curve for the economy 2 Calculate the Gini-coefficient. Part II: Redistributing Income Suppose that in an economy composed of...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? b. (6) Explain how to use the information in Figure 2 to calculate the Gini coefficient 1. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of income Lorenz Curve 100 Percentage of Population Figure 2 2) (10) Describe...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? b. (6) Explain how to use the information in Figure 2 to calculate the Gini coefficient. i. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of Income Lorenz Curve 100 Percentage of Population Figure 2 2) (10) Describe...
1) Figure 2 below is an image of a Lorenz curve. a. (4) When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? I i. What does a high number indicate? b. (Explain how to use the information in Figure 2 to calculate the Gini coefficient. i. What is the typical range for Gini coefficients? ii. What does a high number indicate? 100 Perfect Equality Line Percentage of Income Lorenz Curve 0 100...
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