Part C: Now consider the relative poverty line which is 50 percent below median adjusted income. What percentage of households are in poverty in this instance? [Hint: For these computations, you can copy the data into a spreadsheet application and use the formula command to determine the above calculations] Part D:  In lieu of income levels, briefly describe an alternative method of determining economic well-being (namely, the Human Development Index).

A group of 10 golfing buddies have the following annual incomes: Income $32, 000 $12, 000 $56, 000 $120, 000 $10, 000 $38, 000 $70, 000 $16, 000 $20, 000 $24, 000 What is the total amount of income comprising the lowest quintile of this income distribution? Provide your answer below:

Consider the issue of public spending in health care. Please provide brief discussions  on each of the following issues. Discuss some of the concerns with public production of private goods, such as health care services. Discuss different forms of dealing with this problem.   Discuss some of the concerns with public provision of private goods, such as health care services. Discuss different forms of dealing with this problem.

The type of inequality before (pre) taxes and transfers are applied is called NET income inequality, and the inequality after (post) taxes and transfers is the MARKET income inequality.  Group of answer choices True False

Consider an economy with 4000 people and the following income distribution: each person in the bottom quartile of the income distribution earns $10 dollars per hour; each person in the 2nd quartiles earns $20 dollars per hour; each person in the 3rd quartiles earns $25 dollars per hour;and each person in the top quartile of the income distribution earns $45 dollars per hour. (2) Suppose the bottom quartile pays no taxes, the 2nd quartiles pay 10% its income in taxes, the 3rd pays 20% and the top quartile pays 40% of its income in taxes. 80% of all tax money is redistributed equally to all citizens in the form of military defense, government pensions (social security), roads/highways, etc. The remaining tax money is distributed entirely to the poorest quartile. What is the Gini coefficient associated with this redistribution plan?

Distribution of Income in Percentage of the United States Households 1985 2020 3.0 8.1 14.0 22.6 52.2 Lowest 20% Second 20% Third 20% Fourth 20% Highest 20% 4.0 9.7 16.3 24.0 46.6 Which statement best describes the Multiple Choice in the table? Between 1985 and 2020, the lowest and the highest quintiles gained larger shares of total income at the expense of the three middle quintiles. Between 1985 and 2020, each quintile gained a larger share of total income because the level of total income increased greatly. Between 1985 and 2020, the highest 20 percent of households gained a larger share of total income at the expense of the lowest 80 percent. Between 1985 and 2020, the lowest 40 percent of households gained a larger share of total income at the expense of the highest 40 percent.

Q2] Given is the data for Country A and B: Population Fraction Country A's Income Country B's Income bottom 25% 5 million 10 million 2nd 25% 10 million 15 million 3rd 25% 30 million 20 million top 25% 55 million 55 million a) Compute the cumulative income share and neatly plot (using Excel) the Lorenz curve for these two countries with labels. Feel free to use excel template that I have uploaded and copy paste the plot. b) Compute the Gini coefficient assuming the region beneath the two respective Lorenz curve is For country A = 0.2875 For country B = 0.3250