Q: If a country had perfect income equality what would the Lorenz curve look like?
A: In an economy, Income inequality occurs when there is an unequal distribution of income and wealth…
Q: How much age affects inequality? Is there something the government can do about younger and older…
A: People around the world of all ages are affected by inequality; nevertheless, there are certain…
Q: What is the extent of economic inequality in America?
A: Inequality refers to the unequal or uneven distribution of income from person to person. This…
Q: What types of poverty policies have proved effective?
A: Definition: Poverty is a state or condition wherein an individual comes up short on the finances and…
Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…
A: Income distribution refers to equality with which income is divided among different sections of the…
Q: Although it is hard to separate the causes of poverty from the effects, there is no doubt that…
A: Economy refers to the system in which the production and consumption activities are interrelated. It…
Q: Define poverty in your own words
A: No economy can escape from the Economic problems as are inevitable part in the process of economic.…
Q: Why inequality still exist?
A: Inequality refers to the state or situation of not being equal in various aspects such as rights,…
Q: argumantive speech about: Are we doing enough to end poverty?
A: Poverty is situation or state of a person or who do not have enough money to fulfill his basic needs…
Q: How to redistribute income to reduce poverty, without causing loss of economic incentives.
A: Answer: Redistribution of income to reduce poverty can be achieved through the following ways:…
Q: there an increase in poverty and inequality?
A: poverty means lack of money to satisfy basic needs of life - food ,clothing and shelter inequality…
Q: How is inequality bad for the economy?
A: Economy is a combination of household and business who deal in the buying and selling of goods and…
Q: Why is there so much wealth inequality?
A: Wealth refers to the assets held by a person which includes property and financial assets. Wealth…
Q: When was (is) someone more likely to be born into poverty? Today or in the past?
A: Poverty is a social-evil that forces the economy to stay inside the realm of poverty making it…
Q: Write your ideason what should be done to halt the inequality among people experienced in each…
A: Inequality: It refers to how financial factors are distributed among people in a gathering, among…
Q: as a student in college, what can be done to address income inequality? Explain
A: As a college student,toaddress income inequality,protest can be made against it in the form of…
Q: 3. Why do many economists think that some economic inequality can be a good thing?
A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the…
Q: How do governments and families affect economic inequality?
A: Economic inequality can be explained as the unequal distribution of income and opportunity between…
Q: Will The Tax Reform for Acceleration and Inclusion Law (TRAIN Law) will lessen or worsen poverty and…
A: TRAIN LAW or the Tax Reform for Acceleration and Inclusion Law is a enforced in Phillippines in…
Q: When does absolute poverty exist? Do we see this in the Philippines? defend your answer
A: Poverty is the condition where a person is not able to maintain a minimum standard of living.…
Q: What percentage of families in the United States is classified as poor? Which demographic groups…
A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…
Q: Differentiate equality from equity
A: The dictionary meaning of equality is the state of being equal especially with regard to status,…
Q: How is human poverty different from income poverty?
A: Poverty refers to a situation where individuals or households do not have enough resources to meet…
Q: Why would income inequality be as damaging as poverty? Explain each concept.
A: Income inequality refers to the unequal distribution of income among the population. This implies…
Q: Discuss the reasons behind economic inequality.
A: Inequality refers to a situation where there is unequal or different distribution of resources or…
Q: List three policies that can affect the level of economic inequality.
A: In the set of development instruments of a country, the economic inequality is always kept on the…
Q: Identify some public policies that can reduce the level of economic inequality
A: Economic inequality refers to presence of disparities among wealth and incomes of individuals.
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- Officials in fluxemburg are concerned about the current level of income inequality in their country, where the highest quintile of families currently earns 60% of the country's income. The central government has income information on its citizenry, and they want you to help them interpret the data from a 15-year period. The following table gives data on how families have moved between income quintiles between the years shown. ral in the missing values in the distribution table for familles in Fluxemburg; then use the information in the table to answer the following questions. Income Distribution in 2007 (Percent) Third Quintile Fourth Quintile Lowest Quintile Income Distribution in 1992 Highest Quintile Second Quintile Highest Quintile Second Quintile Third Quintile Fourth Quintile Lowest Quintile 65 12 13 51 18 8 12 -0* 52 Looking at families in the lowest quintile of income in 1992 (bottom row), you can report that higher quintile of income distribution by 2007. 6 10 16 57 11 5 14 66…9(SW 7.10) Show that the two alternative formulas below for the homoscedasticity-only F-statistic are equivalent. F = (SSRrestricted − SSRunrestricted) /q SSRunrestricted/ (n − kunrestricted − 1) (equation 7.13 in SW) F = R2 unrestricted − R2 restricted /q (1 − R2 unrestricted) / (n − kunrestricted − 1) (equation 7.14 in SW)
- N Lorenz curve, shown as the sum of areas V+W+X+Y+Z % of Income C W V % of Population Use the sliders in the interactive tool to illustrate the following income distribution: % of Population 0 40 60 80 100 20 % of Income 4 12 26 46 100A Gini ratio of 0.99999 would indicate that income distribution is: Group of answer choices almost perfectly equal perfectly equal almost perfectly unequal highly variableA group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income each quintile of this income distribution received. Do the top and bottom quintiles in this distribution have a greater or larger share of total income than the top and bottom quintiles of the U.S. income distribution for 2005?
- 2. Draw a complete and dearly labeled Lorenz Curve using the information below. Lowest 2nd 3rd 5th Quantile Quantile Quantile Quantile Quantile 3.6% 8.9% 14.8% 23% 49.8%Given the income distributions (1; 2; 2; 5; 5; 5; 7; 11; 11; 12; 20; 21; 22; 24); (2; 3; 3; 4; 4; 5; 7; 7; 11; 11; 12; 20; 21; 24); And a poverty line of z = 6, calculate the Sen poverty measure. Explain the values obtained for the two distributions.A Lorenz curve is used to study income distributions (see graph). If x is the cumulative percentage of income recipients, ordered from poorest to richest, and Y is the cumulative percentage of income, then equality of income distribution is given by the line Y=X. Suppose the real distribution is given by the Lorenz curve defined by: 20 y =x? +x The Gini coefficient (G) measures the degree of deviation from equality Y=X for a specific Lorenz curve y is given by: G= A/(A+B). Determine G Areas produced by the Lorenz curve B Curve `Lorenz Population Entry
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question 20 - A group of eight people have the following annual incomes: $10,000; $9,000: $15,700; $5,000; $6,500; $13,500; S12,000; and $8,300. Calculate the share of total income that people in the fourth quartile receive from this incorne distribution. Enter your answer in the box below rounding to one decimal place. AnswerIf the area between the diagonal line of absolute equality and the Lorenz curve is greater for China than for the United States, we can conclude that the Distribution of income in China is less equal than in the United States. Relative distributions of income in the two countries are the same. O Distribution of income in China is as equal as in the United States. O Distribution of income in China is closer to being equal than in the United States.