Question 4: a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3 possible ways to overcome these issues. b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice. 3 marks c. Using the following information provided in the table below, calculate the Gini- coefficient for Algura. 10 marks Population 10 Income per month 2000 per person Total Population 32 96000 57 15 1500 d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10. marks Population Income per month per person Total Population 10 32 1200 78000 57 15 900
Question 4: a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3 possible ways to overcome these issues. b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice. 3 marks c. Using the following information provided in the table below, calculate the Gini- coefficient for Algura. 10 marks Population 10 Income per month 2000 per person Total Population 32 96000 57 15 1500 d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10. marks Population Income per month per person Total Population 10 32 1200 78000 57 15 900
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter15: Poverty And Economic Inequality
Section: Chapter Questions
Problem 43CTQ: Explain what the long- and short-term consequences are of not promoting equality or working to...
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Transcribed Image Text:Question 4:
a. Identify 3 main issues encountered when compiling the Multiple Poverty index and 3
possible ways to overcome these issues.
b. What is the Gini Coefficient and how is it useful for a Caribbean country of your choice.
3 marks
c. Using the following information provided in the table below, calculate the Gini-
coefficient for Algura. 10 marks
Population
10
Income per month
2000
per person
Total Population
32
96000
57
15
1500
d. Calculate the new Gini Coefficient for Algura when income changes as follows: 10.
marks
Population
Income per month
per person
Total Population
10
32
1200
78000
57
15
900
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