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Besides the Gini co-efficient, mention two other measures of the equality of income distribution in an economy
Equality of income distribution in an economy is measured with the help of Gini's Co-efficient.
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- 1 According to Chapter 9 (Unemployment, Inflation & Business Cycles), a "negative GDP gap" describes an economy that is underperforming versus the full-employment potential. True or Fase True False If two million new babies were born in the U.S. and if two million more immigrants came to the U.S., then the Real GDP Per Copita will go down if we assume no change in the actual GDP number. True or False True FalseWhich of the following is NOT a common criticism of the focus on economic efficiency as a measure of welfare? Economic efficiency is based only on results and not on process. O The assumption that willingness to pay measures marginal benefit ignores ability to pay. OA situation can be economically efficient but also considered to be unfair. OUsing monetary values for measurements ignores feelings and perceptions.Consider the Efficiency Wage story. Suppose we had several periods of 0 inflation. Let ST represent the total supply of labor; SNS the supply of non-shirking (not lazy) workers, and SShrk the number of shirking (lazy) workers. Suppose we had several periods of 0% inflation. Then if we had an increase in Aggregate Demand that caused an increase in the Aggregate Price level, we would see which of the following in the short run? Group of answer choices a) higher inflation and lower unemployment. b) None of the other options. c) lower inflation (which would be deflation given our premise) and higher unemployment. d) higher inflation and higher unemployment. e) lower inflation (which would be deflation given our premise) and lower unemployment.
- Consider the following table that gives the monthly per capita consumption expenditure of 10 households with poverty line given as $510 per month. Poverty Gap is %. Monthly per capita consumption expenditure (In $) of 10 households 2 3 4ANSAGANZANNEANA1O O56 100 Country A 505 900 1200 400 300 1000 2500400 a. 17 O b. 13 C. 15 d. 20Q7538
- From comparisons of income distribution studies over time, it generally appears that A. income is more evenly distributed in the richer nations. B. there are few variations in income distribution among developed and developing nations. C. comparisons over time demonstrate that income redistribution changes relatively quickly, so older data have limited value. D. the middle quintiles in most nations are growing at the expense of the bottom 20 percent. E. income inequality decreases in the early stages of development and reverses in the later stages.1. Working with Numbers and Graphs Q1 The following table shows the income distribution of an economy. Quintile Lowest fifth Second fifth Third fifth Fourth fifth Highest fifth Income Share (Percent) 18 19 20 21 227. Which of the following interventions will address the concern on poverty and unequal distribution of income? a. Free Tuition and Matriculation in all levels. b. Free and accessible health services for all. c. Free housing for the urban poor. d. All of the above.
- Why has the distribution of income become more unequal in the last 30 yearsCumulative Percent of Income 100 90- 80 70 60 50 40 30 20 10 10 20 All HATB TA 30 40 50 60 70 Cumulative Percent of the Population 80 I 90 100First define what progressive and regressive redistribution policies are. Then, in each of the following cases explainwhether the policy is progressive, regressive, or distributionally neutral. 1. Some governments of developing countries give scholarships for some of their best students to go to graduateschool abroad. If there are no eligibility restrictions, is this policy likely to be progressive or regressive? Whatmight justify this policy?
