34) Foreign exchange reserves areA) Held illegally by many countries.B) Holdings of foreign exchange by official government agencies.C) Holdings of foreign exchange by individual citizens.D) Used by the Federal Reserve in open market operations.Show Transcribed Text46) Which of the following is true about income inequality?A) Inequality tends to be greatest in the poorest countries.B) Inequality is not an issue for developed countries.C) Inequality tends to get worse as a country develops.D) Inequality tends to diminish as the population increases.Show Transcribed Text47) Poverty is most likely to decrease whenA) Population increases regardless of what happens to economic growth.B) GDP increases regardless of what happens to population growth.C) Population growth exceeds economic growth.D) Economic growth exceeds population growth.

Foreign exchange reserves, frequently alluded to just as forex reserves or FX reserves, are assets…

34) Foreign exchange reserves are A) Held illegally by many countries. B) Holdings of foreign exchange by official government agencies. C) Holdings of foreign exchange by individual citizens. D) Used by the Federal Reserve in open market operations.

34) Foreign exchange reserves are A) Held illegally by many countries. B) Holdings of foreign exchange by official government agencies. C) Holdings of foreign exchange by individual citizens. D) Used by the Federal Reserve in open market operations.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 2CQQ

See similar textbooks

Similar questions

Select all facts about the evolution of inequality in the world between 1960 and 2017? U Inequality at the individual level has decreased. The proportion of poor countries has increased. Inequality at the individual level did not increase as much as inequality at the country level. Inequality of the real per capita GDP across countries has increased. Inequality at the individual level has increased. The proportion of poor countries has decreased. Inequality of the real per capita GDP across countries has decreased. Inequality at the individual level did not decrease as much as inequality at the country level.
A5
Table: Income Distribution in Four Countries provides recent data from the World Bank on the distribution of income in four countries. Percent income top quintile Percent income middle three quintiles combined O Bangladesh. Costa Rica. Table: Income Distribution in Four Countries Bangladesh El Salvador 41.4% 46.4% O Mexico. 50.0% 47.7% 8.6% Percent income bottom quintile Based on the data, the country with the distribution of income that is closest to equal is: El Salvador. Mexico 50.1% 5.9% 44.2% Costa Rica 54.0% 5.7% 41.8% 4.2%
Question 14 The following income distribution data are for Lesotho: Quintile Percent Share Lowest 10% 2.2% Lowest 20% 3.0% Second quintile 7.2% Third quintile 12.5% Fourth quintile 21.0% Highest 20% 56.3% Lesotho's national income is about $1.69 billion. Lesotho's population is approximately 2 million. Suppose that each household (which consists of one person) makes the average income for its quintile. What is the poverty headcount if the poverty line is $20 per capita?
[2] The quintile distribution of per capita income for 2012 and 2014 are as follows: Quintile Shares 1 2 3 4 19.6 54.5 2012 4.5 2014 4.7 8.6 12.8 8.7 12.7 19.1 54.8 (b) Has the inequality increased or decreased from 2012 to 2014? Explain.
urgent
Discuss the idea of vicious circle of poverty of your chosen country. Explain the importance of GDP in the said country. Describe the concepts of absolute poverty to relate the situation of the country. Describe the impact of under populated of such country. Discuss the idea of ignoring the human welfare in that country. Part II. How do you apply the opinion of Prof. Nurkse on the supply side of vicious circle that “there is small capacity to save resulting from low level of national income” to your chosen country? How do you analyze the dependency ratio considering the ideas that it measure of the numbers ages from 0 to 14 and over 65 of age, compared with the total population to 15 to 64 of age of the country you have chosen? According to Adam Smith, an inquiry into the nature and causes of wealth of nation in which economics is primarily concerned with wealth. In this premise, how do you apply the concepts of wealth of nation in producing a product of the concerned country?…
The figure below shows the distribution of income across and within countries in 2014. The height of each bar represents the annual income of the population (for each decile), measured in 2005 US$, while the width of each country's bar represents its population. The red countries were the poorest countries in 1980, while the green countries were the richest in 1980. 80,000 60,000- 40,000- 20,000- India Nigeria Indonesia Botswana China Brazil Japan US UK Norway Poorer countries 2014 Richer countries Annual income (2005 $ PPP)
Explain the definitions assumed by the table and cite specific figures in the table to explain the middle-income trap. (b) Explain the causes of the middle-income trap according to Arias and Wen.
Attempts Keep the Highest/1 8. Measuring income inequality Every year, the U.S. Census Bureau conducts an income survey of about 60,000 American families that are carefully selected to represent the whole population. The data collected are used to measure income inequality. Which of the following is a reason that census data may overstate income inequality? O Census data count all cash and noncash transfers as income. In-kind transfers, such as food stamps, Medicaid, and housing assistance, are not counted as income. O Census figures record after-tax rather than before-tax income.
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. 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 c. Belos d. None 3. Explain the role of environment and intelligence on IQ and on economic status.
What does poverty look like in Ethiopia country? Correlates the cost of medical care with annual income in Ethiopia such as Infectious and chronic disease incidence, Health care provisions/options, and Prioritization of health care by the government Appropriate to include crime levels and environmental factors affecting health in Ethiopia suh as Earthquakes, hurricanes…. Interpret the impact of war, natural disasters, and/or bioterrorism on country's health status.