Country Gini coefficient Ratio of income Poverty rates at 90th % households percentile to below 50% of 10th percentile average household income Australia 336 4.5 14.6 Belgium 259 3.3 9.4 Canada 324 4.2 12.0 France 293 3.4 7.2 Italy 337 4.3 11.4 Japan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain 317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O Spain has a higher overall level of income inequality than Australia. O Belgium has a higher poverty rate than France. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada. O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy.

Country Gini coefficient Ratio of income Poverty rates at 90th % households percentile to below 50% of 10th percentile average household income Australia 336 4.5 14.6 Belgium 259 3.3 9.4 Canada 324 4.2 12.0 France 293 3.4 7.2 Italy 337 4.3 11.4 Japan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain 317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O Spain has a higher overall level of income inequality than Australia. O Belgium has a higher poverty rate than France. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada. O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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