The data provides information about the Gini coefficients in Country X for the years 2008 and 2009. Please round your answers to two places after the decimal. Gini coefficients in Country X Year Market Income After taxes and transfers 2008 0.90 0.68 2009 0.84 0.71 What was the R-factor in 2008?

The data provides information about the Gini coefficients in Country X for the years 2008 and 2009. Please round your answers to two places after the decimal. Gini coefficients in Country X Year Market Income After taxes and transfers 2008 0.90 0.68 2009 0.84 0.71 What was the R-factor in 2008?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Economics
The data provides information about the Gini coefficients in Country X for the years 2008 and 2009. Please round your
answers to two places after the decimal.
Gini coefficients in Country X
Year
Market Income
After taxes and transfers
2008
0.90
0.68
2009
0.84
0.71
What was the R-factor in 2008?
R-factor:
What happened to the level of inequality in market income between 2008 and 2009?
did not change
increased
decreased

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