Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates 90th percentile to 10th percentile % households below 50% of average household income Australia .336 4.5 14.6 Belgium 259 3.3 9.4 Canada .324 4.2 12.0 France .293 3.4 7.2 Italy 337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain .317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. Belgium has a higher poverty rate than France. O Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.

Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty rates 90th percentile to 10th percentile % households below 50% of average household income Australia .336 4.5 14.6 Belgium 259 3.3 9.4 Canada .324 4.2 12.0 France .293 3.4 7.2 Italy 337 4.3 11.4 Jаpan 329 5.0 15.7 Portugal .353 4.9 11.9 Spain .317 4.6 14.0 Source: OECD 2011 The table shows some selected indicators on income inequality and poverty. Based on these data, which of the following statements are correct? Select one or more answers. Select one or more: O The ratio between households at the 90th percentile and households at the 10th percentile suggests inequality is greater in Japan than in Italy. Belgium has a higher poverty rate than France. O Spain has a higher overall level of income inequality than Australia. O The Gini coefficient for Portugal means the bottom 10% of households have a greater total income than the bottom 10% of households in Canada.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 2CQQ

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