a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3 possible ways to overcome these issues. b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice. 3 marks c. Using the following information provided in the table below, calculate the Gini- coefficient for Algura. 10 marks Population 10 Income per month 2000 per person 32 96000 15 1500 Total Population 57 d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10 marks Population Income per month per person Total Population 10 32 1200 78000 57 15 900

Essentials Of Business Analytics
1st Edition
ISBN:9781285187273
Author:Camm, Jeff.
Publisher:Camm, Jeff.
Chapter3: Data Visualization
Section: Chapter Questions
Problem 2P: The following table shows an example of gross domestic product values for five countries from 2005...
icon
Related questions
Question

Good Day, 

Kindly help me with the following:

 

 

a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3
possible ways to overcome these issues.
b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice.
3 marks
c. Using the following information provided in the table below, calculate the Gini-
coefficient for Algura. 10 marks
Population
10
Income per month
2000
per person
32
96000
15
1500
Total Population
57
d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10
marks
Population
Income per month
per person
Total Population
10
32
1200
78000
57
15
900
Transcribed Image Text:a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3 possible ways to overcome these issues. b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice. 3 marks c. Using the following information provided in the table below, calculate the Gini- coefficient for Algura. 10 marks Population 10 Income per month 2000 per person 32 96000 15 1500 Total Population 57 d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10 marks Population Income per month per person Total Population 10 32 1200 78000 57 15 900
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Business Analytics
Essentials Of Business Analytics
Statistics
ISBN:
9781285187273
Author:
Camm, Jeff.
Publisher:
Cengage Learning,
Essentials of Business Analytics (MindTap Course …
Essentials of Business Analytics (MindTap Course …
Statistics
ISBN:
9781305627734
Author:
Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:
Cengage Learning
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
Accounting
ISBN:
9780357233306
Author:
Maloney
Publisher:
Cengage
International Financial Management
International Financial Management
Finance
ISBN:
9780357130698
Author:
Madura
Publisher:
Cengage