Describe how to calculate a Gini coefficient.
Describe how to calculate a Gini coefficient.
Homework Answers
Gini coefficient or gini index is often used as a gauge of economic inequality measuring income or wealth distribution among a population. It ranges from 0 to 1 with 0 representing perfect equality and 1 representing perfect inequality.
A country in which every resident has the same income would have an income gini coefficient of 0 and a country in which one resident earned all the income while everyone else earned nothing would have an income gini coefficient of 1.
With an appropriate illustration, describe the Lorenz Curve and the Gini Coefficient.
With an appropriate illustration, describe the Lorenz Curve and the Gini Coefficient.
smaller Gini coefficient than curve 3 larger Gini coefficient than curve 3 larger Gini coefficient than...
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
Use the chart shown to answer the question. Curve 2 has a(n) Distribution of Income Percentage of Income 60 80 100 Percentage of HH - 1- -2 - -3
What is a Gini coefficient? How can this coefficient be used to determine the impact of...
What is a Gini coefficient? How can this coefficient be used to determine the impact of taxes on income distribution?
Explain to me exactly what a Gini Coefficient is. What is the exact procedure by which...
Explain to me exactly what a Gini Coefficient is. What is the exact procedure by which you would calculate a Gini Coefficient from actual data? Why is the Gini Coefficient a “good” or “reasonable” measure of inequality?
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...
If a country had a Gini coefficient of 0.29 in 1960 and 0.49 in 2018, income...
If a country had a Gini coefficient of 0.29 in 1960 and 0.49 in 2018, income inequality in the country would have A)increased B)decreased
If a country had a Gini coefficient of 0.45 in 1960 and 0.32 in 2018, income...
If a country had a Gini coefficient of 0.45 in 1960 and 0.32 in 2018, income inequality in the country would have a) increased b) decreased
By 2001 China’s overall Gini coefficient has increased to 0.477. China is more unequal than the...
By 2001 China’s overall Gini coefficient has increased to 0.477. China is more unequal than the average middle-income country. So state the main reasons for China to have such high inequality. What solutions would you recommend? So basically you have to explain what Gini coefficient is and then explain why China has such a high inequality
Exhibit 28-1 Refer to Exhibit 28-1. If the Gini coefficient equals 0, then the Lorenz...
Exhibit 28-1 Refer to Exhibit 28-1. If the Gini coefficient equals 0, then the Lorenz curve is
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
Use the chart shown to answer the question. Curve 2 has a(n) Distribution of Income Percentage of Income 60 80 100 Percentage of HH - 1- -2 - -3
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