See HintSuppose that the income of the average person among the poorest 20% of citizens in South Africa is $900. What is the average incomeof a person who is among the richest 20% of citizens in South Africa? Round to the nearest dollar. S

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Answered: See Hint Suppose that the income of the…

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 1CQQ

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a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per monthper person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per monthper person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation.Explain. PLEASE ANSWER D.
a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per month per person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per month per person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation Explain,
Who are the near-poor?
1. write a short essav tha summarizes the problems by which the official poverty rate is determined.2. Sit down with some classmates and estimate what a family of four (two parents, two voung children) in your area would have to day annually for food. clothing. shelter. energy, and other necessities of lite. What figure do you end up with? How does this sum ot money compare with the official poverty line of 22,213 in 2010 for a family of four?3. Why do you think the maiority of Americans assume poor people lack the motivation To WORK4. Explain to a friend how labor force participation data indicate that it is inaccurate to think that poor people lack the motivation to work.
How can Universal Basic Income be implemented in Afghanistan suceelfully ?
What is meant by factor Income to abroad? State it's components
Be proper specifuc
What is poverty and what are three of its harmful environmental and health effects? About whatpercentage of the world’s people struggle to live onthe equivalent of $1.90 a day? About what percentage have to live on $3.10 a day? How are povertyand population growth connected? List three majorhealth problems faced by many of the poor.
The figure below shows the distribution of income across and within countries in 2014. The height of each bar represents the annual income of the population (for each decile), measured in 2005 US$, while the width of each country's bar represents its population. The red countries were the poorest countries in 1980, while the green countries were the richest in 1980. 80,000 60,000- 40,000- 20,000- India Nigeria Indonesia Botswana China Brazil Japan US UK Norway Poorer countries 2014 Richer countries Annual income (2005 $ PPP)
The ratio of income of the richest fifth of the population to the income of the poorest fifth for the U.S. is?
What is true about income redistribution? Questic OA. Through income tax and redistribution, a dollar taken from a rich person ends up as a dollar in the hands of a O B. Taxing people's income from employment makes them work more so that their take-home income will increase O C. The greater the amount of income redistribution through income taxes, the greater is the inefficiency. OD. The big tradeoff is the tradeoff between income tax and redistribution.

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See Hint Suppose that the income of the average person among the poorest 20% of citizens in South Africa is $900. What is the average income of a person who is among the richest 20% of citizens in South Africa? Round to the nearest dollar. S