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Cumulative 100% percentage of income - Niger 90% 80% ---Argentina 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Cumulative percentage of households Figure 5 Lorenz curves for the Niger and Argentina Examine the Lorenz Curves for Niger and the Argentina shown in Figure 5. Which of the following statements are correct? Select one or more answers. Select one or more: The bottom decile (bottom 10%) of households in Argentina have a greater share of total income than the bottom decile of households in the Niger. The Niger has a higher overall level of income inequality than Argentina. The Niger will have a smaller Gini coefficient than Argentina. The top quintile (top 20%) of households in the Niger have a smaller share of total income than the top quintile of households in Argentina.

Cumulative 100% percentage of income - Niger 90% 80% ---Argentina 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Cumulative percentage of households Figure 5 Lorenz curves for the Niger and Argentina Examine the Lorenz Curves for Niger and the Argentina shown in Figure 5. Which of the following statements are correct? Select one or more answers. Select one or more: The bottom decile (bottom 10%) of households in Argentina have a greater share of total income than the bottom decile of households in the Niger. The Niger has a higher overall level of income inequality than Argentina. The Niger will have a smaller Gini coefficient than Argentina. The top quintile (top 20%) of households in the Niger have a smaller share of total income than the top quintile of households in Argentina.

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 23RQ: What is measured on the two axes of a Lorenz curve?
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Cumulative 100% percentage of income - Niger 90% 80% Argentina 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Cumulative percentage of households Figure 5 Lorenz curves for the Niger and Argentina Examine the Lorenz Curves for Niger and the Argentina shown in Figure 5. Which of the following statements are correct? Select one or more answers. Select one or more: The bottom decile (bottom 10%) of households in Argentina have a greater share of total income than the bottom decile of households in the Niger. The Niger has a higher overall level of income inequality than Argentina. The Niger will have a smaller Gini coefficient than Argentina. The top quintile (top 20%) of households in the Niger have a smaller share of total income than the top quintile of households in Argentina. ( Previous page Next page >
Transcribed Image Text:Cumulative 100% percentage of income - Niger 90% 80% Argentina 70% 60% 50% 40% 30% 20% 10% 0% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Cumulative percentage of households Figure 5 Lorenz curves for the Niger and Argentina Examine the Lorenz Curves for Niger and the Argentina shown in Figure 5. Which of the following statements are correct? Select one or more answers. Select one or more: The bottom decile (bottom 10%) of households in Argentina have a greater share of total income than the bottom decile of households in the Niger. The Niger has a higher overall level of income inequality than Argentina. The Niger will have a smaller Gini coefficient than Argentina. The top quintile (top 20%) of households in the Niger have a smaller share of total income than the top quintile of households in Argentina. ( Previous page Next page >
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