Question: The Gini coefficient for country A is 0.35, and for country B is 0.22. Therefore, the bottom 10 percent of income recipients in country B

“The Gini coefficient for country A is 0.35, and for country B is 0.22. Therefore, the bottom 10 percent of income recipients in country B have a greater percentage of the total income than the bottom 10 percent of the income recipients in country A.” Do you agree or disagree? Why?

Step by Step Solution

★★★★★

3.20 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Disagree The Gini coefficient gives us a measurement of the degree of income ineq... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

788-B-E-M-E (6845).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

The two points for the international income distributions reported in Table 7-1 can be used to make a rough calculation of the Gini coefficient. Use a spreadsheet to estimate the Gini coefficient for...

Use the following Lorenz curve graph to answer the questions. a. Did the distribution of income become more equal in 2016 than it was in 2015, or did it become less equal? Briefly explain. b. If area...

Consider the following income distributions: A) Plot the Lorenz Curves for 1990 and for 2000. Be sure to label your graph clearly. B) Calculate the Gini coefficient for 1990 and for 2000 (the area...

The Gini coefficient for country A is 0.35, and for country, B it is 0.22. Therefore, the bottom 10 percent of income recipients in country B has a greater percentage of the total income than the...

2 The Gini coefficient for country A is 0.35, and for country B it is 0.22. Therefore, the bottom 10 percent of income recipients in country B have a greater percentage of the total income than the...

The Gini coefficient for country A is 0.35, and for country B it is 0.22. Therefore, the bottom 10 percent of income recipients in country B have a greater percentage of the total income than the...

1.1 The Gini coefficient for country A is 0.35, and for country B, it is 0.22. From this, it follows that the bottom 10 percent of income recipients in country B have a greater percentage of the...

The Gino coefficient for country a is 0 . 3 5 and for country b is 0 . 2 2 . From this it follows that the bottom 1 0 percent of income recipients in country b have a greater percentage of the total...

Use the graph to answer the question that follows. 35 30 25 20 MSB Price ($) 15 MSC 10 MPC 5 MPB 10 15 20 25 30 35 40 Quantity Assuming there is no government regulation, which of the following makes...

Hello, This question is solved the only problem I am having is that the foreign exchange ratefor question #2 is obsolete. Will need an updated one to calculate and find the right answer. This should...

GHG emissions are is a key growth area for assurance services but it is not without its challenges. Required Conduct an internet search for an Australian company whose website includes any type of...

A pharmaceutical company is considering investing in the development of a new drug. The company has estimated that the total cost of the project will be $5 million and the drug will generate revenues...

Net profit % is calculated by: Group of answer choices dividing demand by sales dividing sales by profit dividing COGS by sales dividing net profit by net sales

Your product owner has come to you as team facilitator requesting assistance to handle an epic. What is she really asking for? A. For your coaching abilities in explaining agile concepts to senior...

1. The reservation price is the price at which the consumer is _______ about additional search, meaning that the _______ of search equals the _______. 2. If a consumer knows that a product is...

Topic: Annuities The time value of money is used for many important financial decisions that could affect long-term goals. The interest rate you pay on a loan can affect the amount you pay each...

For a Normal distribution with mean 0 and standard deviation 1, which of the following Python lines outputs the probability? Select one. import scipy.stats as st print(st.norm.cdf(1.88, 0, 1)) O...

Calculate the bond equivalent yield and effective annual return on a negotiable CD that is 1 2 0 days from maturity and has a quoted nominal yield of 6 . 6 4 percent. ( Use 3 6 5 days in a year. Do...