True/False/Uncertain - Answer all three questions in the space provided. For each question,

please state whether the statement is true, false or uncertain as written, and explain why. A

good answer will define terms carefully and provide caveats to the statements made or

provide details for the statements made, when this is appropriate. To receive maximum

points, your answer should discuss intelligently the related lecture material. Use

graphs/equations if you think that these will help your arguments, but make sure to label

any graphs appropriately

1. (Winter 2018) Gross Domestic Product (GDP) per capita in does a good job at capturing living

standards in developing countries

2. (Winter 2018) Universal Cash Transfers are ideal anti-poverty policies because they

successfully target the poorest and they are relatively inexpensive to run.

3. (Winter 2018) Econland has a Gini coefficient of 0.65 and Devoland has a Gini coefficient of

0.61. Devoland's income is thus more unequally distributed and Devoland's poorest are worse

off than Econland's poorest.