Table 15.9 shows the share of income going to each quintile of the income distribution for the
Question:
Table 15.9 shows the share of income going to each quintile of the income distribution for the United Kingdom in 1979 and 1991. Use this data to calculate what the points on a Lorenz curve would be, and sketch the Lorenz curve. How did inequality in the United Kingdom shift over this time period? How can you see the patterns in the quintiles in the Lorenz curves?
Table 15.9
Transcribed Image Text:
Top quintile Fourth quintile Middle quintile Second quintile Bottom quintile Share of Income 39.7% 24.8% 17.0% 11.5% 7.0% 1979 42.9% 22.7% 16.3% 11.5% 6.6% 1991
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Just from glancing at the quintile information it is fairly obvious that income inequality increased ...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The share of income going to physical capital in both Colombia and Costa Rica is about 10%, so we can represent the production function for real GDP per worker as y = Ak1/10. The capitallabor ratio...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Let S be the portion of the cylinder y = e x in the first octant that projects parallel to the x-axis onto the rectangle R yz : 1 y 2, 0 z 1 in the yz-plane. Let n be the unit vector normal to S...
-
An accident in Florida killed three of the four members of a family from Alabama who were riding in their Kia automobile that had been bought in Alabama. Suit was filed in Alabama state court against...
-
Write a Java application that uses the Math class to determine the answers for each of the following: a. The square root of 37 b. The sine and cosine of 300 c. The value of the floor, ceiling, and...
-
If the pedestal is subjected to a compressive force of 500 lb, specify the x and y coordinates for the location of point P(x, y), where the load must be applied on the cross section, so that the...
-
Suds Enterprises makes Perfecto Shampoo for professional hair stylists. On July 31, it had 5,000 liters of shampoo in process that were 80 percent complete in regard to conversion costs and 100...
-
Examine how projects generate revenues, expenses, and uses of cash. Discuss how an income statement and a cash flow statement can be used within managing a project. Describe any current reports used...
-
A group of 10 people have the following annual incomes: $24,000, $18,000, $50,000, $100,000, $12,000, $36,000, $80,000, $10,000, $24,000, $16,000. Calculate the share of total income that each...
-
How does the TANF attempt to loosen the poverty trap?
-
The author purchased a slot machine configured so that there is a 1/2000 probability of winning the jackpot on any individual trial. Although no one would seriously consider tricking the author,...
-
With a neat sketch, explain the following lathe operations. Facing, Cylindrical turning, Knurling, Thread cutting.
-
(LO3) If a business has an average of \(\( \$ \) 29\) million or less of gross receipts over the last 3 years, may the business use the cash method of accounting?
-
(LO3) Describe the difference in the cash method of accounting and the accrual method of accounting.
-
(LO2) Is a state tax refund includible in income if the taxpayer did not itemize her deductions last year?
-
Draw the neat sketch of the horizontal milling machine and explain parts.
-
Using information from the previous exercise, design a user-friendly vendor data input form. Sketch the design on paper or use Microsoft Excel (clip art, shapes, and text boxes) to design your...
-
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her...
-
For each of the following independent transactions, indicate whether there was an increase, decrease, or no impact on each financial statement element. Transaction Received cash for sale of asset (no...
-
The following historical information is from Assisi Community Markets. Calculate the working capital and current ratio for each year. What observations do you make, and what actions might the owner...
-
Which of the following statements is true? A. Tangible assets lack physical substance. B. Tangible assets will be consumed in a year or less. C. Tangible assets have physical substance. D. Tangible...
-
Neo-institutional theory suggests that, in order to survive, organizations need to gain legitimacy and do so through isomorphism with salient institution. According to your understanding Provide a...
-
1. Select the scientific theory used in several nursing theories to explain the following scenario: One nurse, whose adult son died in the ER 11 years ago, contends that she can never walk into a...
-
Gamers Technology ( GT ) is a private company with a December 3 1 st fiscal year end. GT is an online magazine which it sells on a 1 2 - month subscription basis. To meet the daily demands of its...
Study smarter with the SolutionInn App