Suppose that Spain has a Gini coefficient of 0.5, France has a Gini coefficient of 0.4, and Germany has a Gini coefficient of 0.3. Based on this information, which of the following statements about income inequality in the three countries are correct? Check all that apply. The ratio of the total income of the lowest quintile of income distribution to the total income of the highest quintile of income distribution is higher in Spain than in France. Spain has a higher degree of income inequality than France or Germany. The ratio of the total income of the lowest quintile of income distribution to the total income of the highest quintile of income distribution is higher in France than in Germany. France has a higher degree of income inequality than Spain but a lower degree than Germany. ✔The lowest quintile of Spain's income distribution is poorer in absolute terms than the lowest quintile of Germany's income distribution.

Suppose that Spain has a Gini coefficient of 0.5, France has a Gini coefficient of 0.4, and Germany has a Gini coefficient of 0.3. Based on this information, which of the following statements about income inequality in the three countries are correct? Check all that apply. The ratio of the total income of the lowest quintile of income distribution to the total income of the highest quintile of income distribution is higher in Spain than in France. Spain has a higher degree of income inequality than France or Germany. The ratio of the total income of the lowest quintile of income distribution to the total income of the highest quintile of income distribution is higher in France than in Germany. France has a higher degree of income inequality than Spain but a lower degree than Germany. ✔The lowest quintile of Spain's income distribution is poorer in absolute terms than the lowest quintile of Germany's income distribution.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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