IM R %24 < Question 56 of 60 > How does progressive taxation and redistribution policies affect the Lorenz curve and Gini coefficient? O The Lorenz curve becomes less curved and the Gini coefficient increases. O The Lorenz curve becomes less curved and the Gini coefficient decreases. O The Lorenz curve becomes more curved and the Gini coefficient increases. O The Lorenz curve becomes more curved and the Gini coefficient decreases. 10:44 PM earch 13 12/12/2021 ins prt sc f12 delete 114 144 Po backspace lock 4. 7. home enter 7. 4. K. pause 1 shift ctrl

IM R %24 < Question 56 of 60 > How does progressive taxation and redistribution policies affect the Lorenz curve and Gini coefficient? O The Lorenz curve becomes less curved and the Gini coefficient increases. O The Lorenz curve becomes less curved and the Gini coefficient decreases. O The Lorenz curve becomes more curved and the Gini coefficient increases. O The Lorenz curve becomes more curved and the Gini coefficient decreases. 10:44 PM earch 13 12/12/2021 ins prt sc f12 delete 114 144 Po backspace lock 4. 7. home enter 7. 4. K. pause 1 shift ctrl

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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K The government of a small country is planning sweeping changes in the tax structure in order to provide a more equitable distrib f(x) = 21 g(x) = 0.6x +0.4x² Current Lorenz curve Projected Lorenz curve after changes in tax laws Find the Gini index of income concentration for each Lorenz curve. Will the proposed changes provide a more equitable income Identify the integrand for the computation of the current and projected Gini indices. The current Gini index is given by 2 (x-x1) dx and the projected Gini index is given by 2 Compute the current Gini index. The current Gini index is (Round to three decimal places as needed) needed x-(0.6x+0.4x²)) d dx. 0
Percent of Percent of income income Alpha Beta Household percentage Lowest 20 percent Second 20 percent Third 20 percent Fourth 20 percent Highest 20 percent 9. 10 5 12 10 29 20 40 60 68. The above table shows the distribution of income in two countries, Alpha and Beta. Based on these distributions of income a. Country Beta has more equal distribution than does Country Alpha b. Both countries have equal distributions because 100 percent of the incomes are accounted for c. The Lorenz curve for country Beta is closer to the line of equality d. Country Alpha has a more equal distribution of income than does Country Beta e. It is impossible to answer the question without more information
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Please answer correct explain please asap Don't answer by pen paper plz.
13. The Lorenz curve A) has non-decreasing gradient B) cannot have straight line segments C) none of the answers D) can cross the 45 degree line
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Using the above Lorenz Curve, if Economy A decreased the progressivity of income taxes, then Economy A's Lorenz Curve would shift closer to the 45-degree reference line. shift closer to Economy B's Lorenz Curve. not shift at all
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a) With the following data draw a Lorenz Curve, putting labels on the graph and writing out data point values. Explain what the Lorenz Curve illustrates, and what the results mean. b) Now explain how one gets the Gini Coefficient from the Lorenz Curve, and what information the coefficient provides.
K A Lorenz curve plots the A. percentage of total income received by each quintile against the percentage of households in the quintile OB. trend in the cumulative percentage of income received by each quintile against trend in the number of households O C. average income received by each quintile against the number of households in the quintile O D. cumulative percentage of income against the cumulative percentage of households Next