EBK MINDTAP ECONOMICS FOR ARNOLD'S ECON
13th Edition
ISBN: 9781337621335
Author: Arnold
Publisher: VST
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Chapter 28.2, Problem 2ST
To determine
Gini coefficient.
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Chapter 28 Solutions
EBK MINDTAP ECONOMICS FOR ARNOLD'S ECON
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- What is the population of Nigeria? Of that population, what percentage live in poverty (indicate the definition of poverty that is being used)? What is the average income in your country (hint: look for GNI)?arrow_forwardI am confused between 20,000 and 25,000arrow_forwarda. 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,arrow_forward
- 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.arrow_forwardCumulative 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.arrow_forwardThe U.S. income distribution is not fair.arrow_forward
- 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 100arrow_forwardCountries with the most economic freedom have the highest income levels. True False noint)arrow_forwardCalculate the new Gini Coefficient for Algura when income changes as follows:arrow_forward
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