A poverty threshold represents the minimum annual household income for a family not to be considered poor. In​ 1995, the poverty threshold for a family of four with two children under the age of 18 years was $15,828.In​ 2005, the poverty threshold for a family of four with two children under the age of 18 years was $19,739. Assuming poverty thresholds increase in a​ straight-line fashion, use the midpoint formula to estimate the poverty threshold of a family of four with two children under the age of 18 in 2000.   The poverty threshold of a family of four with two children under the age of 18 in 2000 is ​$

Q: Gini coefficient ler

A: Ginni Coffecient is calculated using the formula = A/(A+B) Given values A=0.4 and B = 0.2

Q: Question 2 Consider an 8 person economy with the following income distribution:…

A: Foster-Greer-Thorbecke (FGT) Index is a generalized index of poverty measurement.…

Q: Calculate the area of each section as steps in verifying the calculation of the Gini Coefficient. -…

A: Equation of line : y=x All corresponding area below section can be treated as trapezoidal where the…

Q: Examine the Lorenz Curves for Japan and Portugal shown in Figure 5. Which of the following…

A: The X axis represents the percentage of households in the society and the Y axis represents the…

Q: Percent of Income 0 (a) (b) (c) Percent of Families (d) Refer to the diagram. If line (c) represents…

A: The pretax distribution of income refers to the way income is divided among individuals or…

Q: Area P Area Q Area R % Cumulative Population CAREFULLY consider the information provided in the…

A: Poverty presents a formidable obstacle for the least developed countries (LDCs), stemming from…

Q: Suppose now that instead of herders buying the UThere phones, herders in the region were randomly…

A: Answer - Given in the question- Suppose now that instead of herders buying the UThere phones,…

Q: If we model after-tax household income with a normal distribution, then the figures of a study imply…

A: To solve this problem, we'll use the properties of the normal distribution.First, let's calculate…

Q: Table 6-6 Price of Book Copies Sold at Total Revenue at $14.99 9.99 That Price 100,000 174,000 That…

A: The price elasticity is calculated as the percentage change in quantity demanded divided by the…

Q: Which one of the following is the most likely to be associated with an increase in the incidence of…

A:

Q: economic inequality

A: The Lorenz Curve is a graphical illustration used in economics and information to illustrate the…

Q: 1. Income inequality and the poverty rate The following table summarizes the income distribution for…

A: * SOLUTION :-  (1)

Q: Consider an income distribution S: (10, 20, 30, 50, 100). Suppose it is divided into two groups,…

A: Poverty line  The poverty line in an economy represents the minimum level of income, which shows the…

Q: Suppose that country B has a population of 5,000 households and a poverty line of $15,000. 4,000…

A: The objective of the question is to calculate the poverty headcount ratio for country B. The poverty…

Q: Differences in age among a population over time can lead to differences in the distribution of…

A: The distribution of income among the population is done on the basis of ratio of GDP by the…

Q: 4)r Consider an economy with 4 individuals: 2 of them are high school graduates and the other 2…

A: Calculation of Variance:- High school graduates earn $3 and $5 per hour College school graduates…

Q: Let the following figures represent the average weekly per-capita consumption (in USD) for a sample…

A: The Poverty Severity Index (PSI) is a measure used to assess the depth or severity of poverty among…

Q: A researcher finds that low-income families who sign up for job training and counseling services are…

A: The objective of the question is to evaluate whether the finding that low-income families who sign…

Q: Given the income distributions (1; 2; 2; 5; 5; 5; 7; 11; 11; 12; 20; 21; 22; 24); (2; 3; 3; 4; 4;…

A: The poverty gap index is the mathematical measure developed by famous economist Amartya Sen. The…

Q: A decrease in the supply of  in building materials (shortage) means that construction companies…

A: In the question above, it is given that : A decrease in the supply of  in building materials…

Q: s and explain i

A: Statistical analysis is the science of collection of data and uncovering of the trends and…

Q: 0.643 110% 100% 100% 90% 90% 80% 70% 60% 80% 70% 60% 51% 50% 40% 30% 50% 40% 31% 23% 15% 30% 20% 10%…

A: South africas gini coefficient is greater than 0.5. Therefore it can be said that there is more…

Q: 2. Draw a complete and clearly labeled Lorenz Curve using the information below. Lowest 2nd 5th…

A: A Lorenz curve/bend is a graphical portrayal of the dissemination of income inside a populace.…

Q: of the welfare program in Perkopia is    .   Again, suppose the government introduces a welfare…

A:

Q: The government of a small country is planning sweeping changes in the tax structure in order to…

A: The income inequality is measured by GI( Gini index).The graph that shows the income inequality is…

Q: The income distribution for a population of 5 individuals is given as: 2,3,4,5 and 6. The poverty…

A: Foster-Greer-Thorbecke Method is a method to measure poverty line. People whose income is less than…

Q: Using several types of public policies, the government has attempted to alleviate poverty, with…

A: In Canada, government implements various policies and programs to deal with poverty and improve the…

Q: In an economy with perfect income equality the Gini coefficient would be

A: The Gini record, or Gini coefficient, measures pay appropriation across a populace.

Q: ordered from poorest to richest, and Y is the cumulative percentage of income, then equality of…

A: Lorenz curve is used to depict the distribution of income amongst the recipients in the form of a…

Q: What is the total income received by the top quintile of this income distribution?

A: The top quintiles of the income distribution can be calculated by following these steps The first…

Q: [Make sure your answer is structured as a short essay, i.e., with short introduction (3-4…

A: Economic growth is the gradual rise in a country's output and consumption of products and services.…

Q: State True or False: Compared with other developed nations, the United States has one of the highest…

A: US is one of the top developed country in the world. However, the picture is quite different in case…

Q: official income distribution estimates for the united states since 1970 show that the gini…

A: The Gini coefficient is an index for measuring the degree of inequality in the distribution of…

Q: If the area between the diagonal line of absolute equality and the Lorenz curve is greater for China…

A: Evaluating income disparities is akin to refining a musical masterpiece, revealing the concealed…

Q: Select all true statements about the evolution of inequality in Canada between 1975 and 2019…

A: If we look at data from the World bank, we will get the data of the Gini Coefficient for the country…

Q: The income distribution for a certain country in 1996 was estimated by the function f(x) = 0.66x2…

A: Income distribution defines the two-parameter model for the Lorenz Curve which shows the cumulative…

Q: The graph below shows the Lorenz curves of two different countries stylistically called ‘red’ and…

A: The Gini index, often known as the Gini coefficient, measures income distribution throughout a…

Q: Below is the Lorenz curve of the country Laurania. Lorenz Curve of Laurania 100 100 Cumulative…

A: Gini coefficient is a measure of income inequality in a country.

Q: 2. Draw a complete and clearly labeled Lorenz Curve using the information below.

A: Lorenz Curve is defined as a curve which graphically represents the distribution of wealth or income…