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Q3 15 point 3 Country A has an income distribution given by f(x) 2. (a) Explain...
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...
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...
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...
1. If the distribution of income in country "C"is (1, 2, 2, 3, 5), and in...
1. If the distribution of income in country "C"is (1, 2, 2, 3, 5), and in country "D" it's (1, 1, 2, 3, 5). The poverty line in both countries is 2.5 a) By the average income shortfall (AIS) measure which country has more poverty? b) By the headcount index measure which country has more poverty? C) By the average poverty gap (APG) which country has more poverty? d) Calculate the FGT index for each country using p-alpha = 2
Which of the following statements about f(x) are true given that f′(x)=2x^3−4x^2? f(x) has a point...
Which of the following statements about f(x) are true given that f′(x)=2x^3−4x^2? f(x) has a point of inflection at x=0 and minima at x=2. f(x) has a point of inflection at x=1 and minima at x=2. f(x) has a maxima at x=0, and a minima at x=2. f(x) has a point of inflection at x=0 and minima at x=3
1. Suppose there are two countries with 10 people each. Country A has an earnings distribution...
1. Suppose there are two countries with 10 people each. Country A has an earnings distribution given by that in column 2 and Country B has an earnings distribution given by that in column 3. Which country has greater income inequality? For each country, calculate the following: variance coefficient of variation the 80-20 ratio the 90-10 ratio Analyze your results. Which country has greater earnings inequality? Citizens Country A's Earnings Country B's Earnings 1 1 1 2 1 1 3...
3. The probability distribution of the discrete random variable X is f(x) = 2 x 1...
3. The probability distribution of the discrete random variable X is f(x) = 2 x 1 8 x 7 8 2−x , x = 0, 1, 2. Find the mean of X. 4. The random variable X, representing the number of errors per 100 lines of software code, has the following probability distribution: x 1 2 3 5 6 f(x) 0.03 0.37 0.2 0.25 0.15 (a) Find E(X). (b) Find E(X2 ). 5. Use the distribution from Problem 4. (a)...
4) In a certain state, it is found that the distribution of income for lawyers is...
4) In a certain state, it is found that the distribution of income for lawyers is given by the Lorenz curve L (r) = while that of surgeons is given by L2(r) = {x4 + }r Compute the Gini index for each Lorenz curve. Which profession has the more equitable income distribution? 5) An investment will generate income continuously at the constant rate of $1000 per year for 6 years. If the prevailing annual interest rate remains fixed at 7%...
(1 point) Given that a function f(+) has a tangent line at x = 3 given...
(1 point) Given that a function f(+) has a tangent line at x = 3 given by y = 9(2 - 3) + 6. Which of the following could be the Taylor Series representation for f(x)? A 5 n! (x - 3)" 8.5+ ()" (2 – 3)" B n! 9 (-3) D.6+ () (31 - 3)"
1) Figure 2 below is an image of a Lorenz curve.
1) Figure 2 below is an image of a Lorenz curve. a. When the Lorenz curve sags lower, does that mean the economy is more equal or more unequal? 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? 2) (10) Describe the inequality in income and wealth between countries, and explain whether each has grown or shrank over the past 50 years. Why...
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...
1. If the distribution of income in country "C"is (1, 2, 2, 3, 5), and in country "D" it's (1, 1, 2, 3, 5). The poverty line in both countries is 2.5 a) By the average income shortfall (AIS) measure which country has more poverty? b) By the headcount index measure which country has more poverty? C) By the average poverty gap (APG) which country has more poverty? d) Calculate the FGT index for each country using p-alpha = 2
4) In a certain state, it is found that the distribution of income for lawyers is given by the Lorenz curve L (r) = while that of surgeons is given by L2(r) = {x4 + }r Compute the Gini index for each Lorenz curve. Which profession has the more equitable income distribution? 5) An investment will generate income continuously at the constant rate of $1000 per year for 6 years. If the prevailing annual interest rate remains fixed at 7%...
(1 point) Given that a function f(+) has a tangent line at x = 3 given by y = 9(2 - 3) + 6. Which of the following could be the Taylor Series representation for f(x)? A 5 n! (x - 3)" 8.5+ ()" (2 – 3)" B n! 9 (-3) D.6+ () (31 - 3)"
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