Look at Figure 3.3 and select the correct answerSelect an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.ab3.2 Which country is more unequal?Homework Unanswered Due Oct 15th, 5:59 PMсCountry A is more unequal than Country BCountry B is more unequal than Country ABoth countries have the same level of inequality Cumulative income shares10.80.60.40.200123Equality Country A - - -Country B4Quintile5Open in

A major socioeconomic problem, income inequality assesses the discrepancy in the distribution of…

Answered: Look at Figure 3.3 and select the…

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter28: The Distribution Of Income And Poverty

Section28.2: Measuring Income Equality

Problem 2ST

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advantage of human poverty index
The table below shows information about the distribution of income in two countries. The rows are labeled "deciles" which are like percentiles but for groups of 10% instead of 1% of the population. The 1St decile is the poorest 10%, for example, while the 10th decile is the richest 10%. Coruscant Naboo cumulative income cumulative income decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31% 4th 6.56% 18.08% 6.80% 20.11% 5th 7.81% 25.89% 7.91% 28.02% 6th 9.14% 35.04% 9.11% 37.13% 7th 10.69% 45.73% 10.52% 47.65% 8th 12.71% 58.44% 12.37% 60.02% 9th 15.94% 15.32% 10th 25.61% 24.66% mean income = 50,000 35,000 What is the cumulative income share for the bottom 9 deciles in Naboo?
The data in the table characterizes the income distribution for a country. What percentage of the total population is categorized as belonging to the second quintile? Give your responses as whole numbers. Income category Share of income (%) Cumulative share of income (%) first quintile 7.0 --- second quintile 9.0 16.0 third quintile --- 35.0 fourth quintile 25.0 --- fifth quintile 40.0 --- percentage of population in second quintile: % What percentage of the total income for the country is earned by the third quintile? percentage earned by the third quintile: % What is the cumulative share of income earned by the poorest 80% of the population? percentage earned by the poorest 80%: %
From this table (Typical Size Distribution of Personal Income in a Developing Country), what is the income share of the top 30% of the population? Individuals 123456799 10 11 12 13 14 15 16 17 18 19 20 Total (national income) 8.9 64 44.5 28.5 Personal Income (money units) 0.8 1.0 1.4 1.8 1.9 2.0 NNNS 2.4 2.7 2.8 3.0 3.4 3.8 4.2 4.8 5.9 7.1 10.5 12.0 13.5 15.0 100.0 Share of Total Income (%) Quintiles 5 9 13 22 51 100 Deciles 1.8 3.2 3.9 5.1 5.8 7.2 9.0 13.0 22.5 28.5 100.0
Cumulative Percentage of National Income 100 50 10 Country A 0 50 80 Figure 1 A7. 100 Percentage of the Population Refer to FIGURE 1. Calculate the Gini coefficient for country A.
The two sector model for income determination
World Bank data show that in 1995, the poorest 20% of households accounted for 7.5% of household income in Niger, the next 20% of households accounted for 11.8% of income, the middle 20% accounted for 15.5% of income, the second richest 20% accounted for 21.1% of income, and the top 20% accounted for 44.1% of income. What was the cumulative income share of the bottom 60% of households in Niger? 2. Draw a Lorenz curve and calculate the Gini coefficient for Niger.
Please help solve 44 to 46
The table below presents the percentage of total income that goes to a certain fraction of the population of the country of Sanaton. For example, according to the table, the bottom 40% of the population owns 25% of the total income generated in Sanaton. What is the income share of the third quintile? Cumulative percentage of population 20 40 60 80 100 Cumulative percentage of income owned 15 25 40 60 100
Nedd help with micro homework question
a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per month per person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per month per person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation Explain,
a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per monthper person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per monthper person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation.Explain. PLEASE ANSWER D.

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