Q. 4. The economy of Zenda has 10 people. Three of them modern sector of Zenda and eari traditional sector and earn only modern sector jobs open up and two people from the traditonal sector move to the modern sector. 200 per month, the rest live in the 100 per month. One day, two new (a) Show, that the Lorenz curves to the income distributions before and after must cross. Do this is two ways. (i) By graphing the Lorenz Curves. (ii) By first expressing both income distributions as divisions of a cake of size one and then showing that the two distribution are linked by opposing Dalton transfers. (iii) Calculate the coefficient of variation and the Gini coefficient for the two distributions. Do they agree about changes in inequality?

Q. 4. The economy of Zenda has 10 people. Three of them modern sector of Zenda and eari traditional sector and earn only modern sector jobs open up and two people from the traditonal sector move to the modern sector. 200 per month, the rest live in the 100 per month. One day, two new (a) Show, that the Lorenz curves to the income distributions before and after must cross. Do this is two ways. (i) By graphing the Lorenz Curves. (ii) By first expressing both income distributions as divisions of a cake of size one and then showing that the two distribution are linked by opposing Dalton transfers. (iii) Calculate the coefficient of variation and the Gini coefficient for the two distributions. Do they agree about changes in inequality?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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