1. See the income distribution of two countries below: Population Poorest 20% Next 20% Next 20% Next 20% Next 20% Absalia Calculate the Gini coefficient for both countries. c. Belos d. None 5% 10% 15% 25% 45% Belos 10% 20% 20% 20% 30% 2. Based on your answer to the question above, if the Gini coefficient for South Africa is 0.63, which country (Absalia or San Belos) has relatively more income equality as compared to South Africa? a. Both Absalia and San Belos b. Absalia

1. See the income distribution of two countries below: Population Poorest 20% Next 20% Next 20% Next 20% Next 20% Absalia Calculate the Gini coefficient for both countries. c. Belos d. None 5% 10% 15% 25% 45% Belos 10% 20% 20% 20% 30% 2. Based on your answer to the question above, if the Gini coefficient for South Africa is 0.63, which country (Absalia or San Belos) has relatively more income equality as compared to South Africa? a. Both Absalia and San Belos b. Absalia

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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