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

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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Comparative Advantage and Absolute Advantage Analysis

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Question

100%

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.
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