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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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