If the distribution of income in country C is (1, 2, 2, 3, 5) and the...
If the distribution of income in country C is (1, 2, 2, 3, 5) and the poverty line is 2.5, what is the average poverty gap?
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If the distribution of income in country C is (1, 2, 2, 3, 5)
and the...
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
6. Below is the income distribution of country X and Y. The citizens’ income are ranked...
6. Below is the income distribution of country X and Y. The citizens’ income are ranked from the lowest to the highest in the bracket (currency unit: $). Suppose the poverty line is $2000. Country X: $ (750, 1100, 2500, 6000) Country Y: $ (450, 900, 1100, 1600, 2400, 2500, 3000, 5000) Please draw the parade of dwarfs for the two countries respectively. (4pts) Please calculate the headcount poverty rate for the two countries. Compare your results to draw conclusions...
4. The following income distribution data are for a hypothetical developing country. (20 points) Ọuintile Lowest...
4. The following income distribution data are for a hypothetical developing country. (20 points) Ọuintile Lowest 20% Second quintile Third Fourth quintile Highest 20% Highest 10% Percent Share 2.4% 5.7% 10.7% 18.6% 62.6% 46.2% quintile a) Carefully graph the Lorenz curve, labeling the axes. (5 points) b) This country's national income is about $300 billion. What is the dollar income of the bottom 20 percent? Bottom 40 percent? (5 points) c) Using the same income data specified in (ii), assume...
2. Gini Index Income Decile Income Share 0.05 0.1 0.15 0.2 0.25 0.35 un 0.45 1...
2. Gini Index Income Decile Income Share 0.05 0.1 0.15 0.2 0.25 0.35 un 0.45 1 a. Graph the Lorenz Curve for the table above. (If it helps to be more precise than the table: the Lorenz curve has a slope of 0.05 from 0 to 0.5 of the income distribution, a slope of 0.1 from 0.5 to 0.8 on the income distribution, and a slope of 0.2 from 0.8 to 1 on the income distribution) b. Calculate the Gini...
Income Distribution by Country A mountain chart is a creative way to display the distribution of...
Income Distribution by Country A mountain chart is a creative way to display the distribution of a quantitative variable over different categories. The overall distribution is shown as a smoothed histogram, and the area underneath is colored according to different categories. The distribution of the quantitative variable for each category corresponds to the size of its colored area. The Gapminder software includes a mountain chart that shows the distribution of income broken down by world region and country (https://www.gapminder.org/tools/#$chart-type=mountain). Click...
Using the information from the table below, calculate and interpret the poverty gap for a country...
Using the information from the table below, calculate and interpret the poverty gap for a country in which 80% of the population is below the poverty line of $1 a day. Distribution of daily income Between 0 and 20 cents Between 20 and 40 cents Between 40 and 60 cents Between 60 and 80 cents Between 80 and 100 cents Percentage of population 20 15 15 10 20 (b) [ 4 points] What is the advantage of this measure over...
Q3 15 point 3 Country A has an income distribution given by f(x) 2. (a) Explain...
Q3 15 point 3 Country A has an income distribution given by f(x) 2. (a) Explain what does f(0.2) = 0.1314 mean. (b) If country B has a Gini coefficient of 0.2. Which country (A or B) has a more equitable income distribution?
15. Two people live in Yolo County. Person 1 has income equal to zero. Person 2...
15. Two people live in Yolo County. Person 1 has income equal to zero. Person 2 has income equal to 100. The poverty line in Yolo County is 50. Calculate and report the following: A. The Poverty Head Count Ratio B. The Income Gap Ratio C. FGT=2 D. The Gini Coefficient
Question 1: You are given the following incomes for a population: {10,11,12,13,14}. Let the poverty line...
Question 1: You are given the following incomes for a population: {10,11,12,13,14}. Let the poverty line be 11.5. Find the poverty gap index measure of poverty. a..044 b..091 c..035 d..040 Question 2: Now compare the income distribution in question 1 with the following distribution, {11,12,13,14,15}. Call this distribution B and the one from question 1, A. If we don’t know the poverty line, except we know it is above 10, can we tell which distribution has less poverty. a. A...
Table 1 Assumez- 12 1 if in Poverty, Poverty Poverty Gap Person i Income 0 Otherwise...
Table 1 Assumez- 12 1 if in Poverty, Poverty Poverty Gap Person i Income 0 Otherwise Squared 81 49 16 1 0 0 Gap Ada Ben Chris 3 Dan Emma 515 18 0 0 0 0 Fiona Question 2 1 pts Based on Table 1, what is the sample variance of income? 33.60 37.10 30.70 35.40 Question 3 1 pts Based on Table 1, what is the share of people living in poverty? 0 4 o 2/3 o 1/2 D...
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. The following income distribution data are for a hypothetical developing country. (20 points) Ọuintile Lowest 20% Second quintile Third Fourth quintile Highest 20% Highest 10% Percent Share 2.4% 5.7% 10.7% 18.6% 62.6% 46.2% quintile a) Carefully graph the Lorenz curve, labeling the axes. (5 points) b) This country's national income is about $300 billion. What is the dollar income of the bottom 20 percent? Bottom 40 percent? (5 points) c) Using the same income data specified in (ii), assume...
2. Gini Index Income Decile Income Share 0.05 0.1 0.15 0.2 0.25 0.35 un 0.45 1 a. Graph the Lorenz Curve for the table above. (If it helps to be more precise than the table: the Lorenz curve has a slope of 0.05 from 0 to 0.5 of the income distribution, a slope of 0.1 from 0.5 to 0.8 on the income distribution, and a slope of 0.2 from 0.8 to 1 on the income distribution) b. Calculate the Gini...
Q3 15 point 3 Country A has an income distribution given by f(x) 2. (a) Explain what does f(0.2) = 0.1314 mean. (b) If country B has a Gini coefficient of 0.2. Which country (A or B) has a more equitable income distribution?
15. Two people live in Yolo County. Person 1 has income equal to zero. Person 2 has income equal to 100. The poverty line in Yolo County is 50. Calculate and report the following: A. The Poverty Head Count Ratio B. The Income Gap Ratio C. FGT=2 D. The Gini Coefficient
Table 1 Assumez- 12 1 if in Poverty, Poverty Poverty Gap Person i Income 0 Otherwise Squared 81 49 16 1 0 0 Gap Ada Ben Chris 3 Dan Emma 515 18 0 0 0 0 Fiona Question 2 1 pts Based on Table 1, what is the sample variance of income? 33.60 37.10 30.70 35.40 Question 3 1 pts Based on Table 1, what is the share of people living in poverty? 0 4 o 2/3 o 1/2 D...
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