Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates 90th percentile to 10th percentile % households below 50% of average household income Australia .336 4.5 14.6 Belgium 259 3.3 9.4 Canada .324 4.2 12.0 France .293 3.4 7.2 Italy 337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain .317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. Belgium has a higher poverty rate than France. O Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.

Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates 90th percentile to 10th percentile % households below 50% of average household income Australia .336 4.5 14.6 Belgium 259 3.3 9.4 Canada .324 4.2 12.0 France .293 3.4 7.2 Italy 337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain .317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. Belgium has a higher poverty rate than France. O Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ma1. Using diagrams, discuss the following aspects of income inequality. Draw two different Lorenz Curves, LCA & LCB, where the two curves cross. Discuss and compare the two in terms of the Top 1% Share.
Please answer correct explain please asap Don't answer by pen paper plz.
TRUE or FALSE 51. Perfect inequality in the distribution of income can be exhibited in reality. 52. Holding all other incomes constant, if we transfer some income from a richer person to a poorer person, the resulting new income distribution is more unequal. 53. There is absolute poverty below the international poverty line. 54. Modern sector enlargement assures a better Lorenz Curve for a nation. 55. The average poverty gap measures the sum of the differences in the income of each person from the absolute poverty line. 56. The multidimensional poverty index gives equal weight to all eight indicators. 57. The normalized income shortfall is a measure of income inequality. d income inequality is thoroughly planned, implemented, and monitored, a nation is secured of achieving economic development. 59. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and…
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