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 therichest in 1980.80,00060,000-40,000-20,000-IndiaNigeriaIndonesia Botswana ChinaBrazilJapanUSUK NorwayPoorer countries2014Richer countriesAnnual income (2005 $ PPP) Based on the frgure, which one of the following statements is true?O Since 1980, Indonesia's average income has grown faster than India's average income.O The income ranking between countries has remained broadly the same between 1980 and 2014.The US has the highest average annual income of any country in the figure.O Income inequality is higher in Norway than in the US.

The income earned by people is represented by the height, while the population is represented by the…

Answered: The figure below shows the 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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The U.S. Census Bureau provides considerable demographic information that is useful for marketers. Assume that the following table provides a sample of such population data. What percentage change in the total and Hispanic populations occurred in each state between 2000 and 2010? 2000 2010 State Total Hispanic Total 9,687,420 9.883.092 37,251,362 Hispanic 853.287 436,920 14,011,654 Georgia Michigan 8,164,625 9,930,936 33.884,973 434.140 323,565 California 10,966,610 Fill in the table below. (Round to one decimal place.) 2000-2010 2000-2010 State Percentage change in the total Percentage change in the Hispanic population population Georgia 15.7 % 49.1%
The table presents recent data from the World Bank. Based on the data in the table, which statement is correct? Distribution of Income and Average Income Sri Lanka and Mongolia Sri Lanka Mongolia $3,000 40.6% 8.0% Average household income Percentage of total of income earned by the top quintile of households Percentage of total of income earned by the bottom quintile of households 7.0% $3,000 47.6% Average household income varies more in Mongolia than in Sri Lanka. The rich tend to be richer in Mongolia than in Sri Lanka. Average income in the top quintile is lower in Sri Lanka than in Mongolia. Average income in the bottom quintile is lower in Sri Lanka than in Mongolia.
Income inequalities tend to be larger in poorer countries. As countries develop, the personal distribution of income tends to become more equal. Why is this the case?
If the calculation of the poverty line included the value of government programs as income, the number of people being counted as poor would be because the incomes of people would be the same higher lower the same lower higher
The economic activity of a country is often quantified as the gross domestic product (GDP), which is the sum of private and government consumption, investments, and net exports (the value of exports minus the value of imports). For a developed country such as the United States, economists might see a GDP growth rate of 3% a year as reasonable. However, production and consumption create some pollution. By how much would pollution per dollar of GDP have to decline for pollution levels 50 years from now to be the same as current levels, assuming a 3% annual growth rate of GDP? In 75 years? In 100 years? (Hint: Let the current pollution level be 1 and find out what the future pollution level would be).
Exponential Regression The table below shows the population of a fictional California Gold Rush Town named Lehi in the years after its peak population in 1880. 1880 1890 1900 1910 1920 1930 Year Population 8500 3571 2465 1633 715 327 For the purpose of this problem, let P represent the population of Lehit years after 1880 (t=0 represents 1880). The new table is: t 0 10 20 30 40 50 P(t) 8500 3571 2465 1633 715 327 Use your calculator to determine the exponential regression equation that models the set of data above. Round the "a" value to two decimals, and round the "b" value to two decimals. Use the indicated variables and proper function notation. P(t) Based on the your regression model, what is the percent decrease per year? = Find P(45). Round your answer to the nearest whole number. % P(45)= Interpret your answer by completing the following sentence. Be sure to use units in your answer. "The population of Lehi How long did it take for the population of Lehi to reach 500 people?…
Instructions: Use the interactive tool to plot Lorenz curves for the information in the table. Quintile 1st % of Income, United States, 5 2010 % of Income, Bangladesh, 2010 9 2nd 10 13 3rd 14 16 United States data from Census.gov, before-tax income, rounded to 1/100ths. Data for Bangladesh from WorldBank.org, rounded to 1/100ths. 4th 20 21 5th 51 41 Report your answers to two decimal places. According to these data, the Gini coefficient for the United States in 2010 is The Gini coefficient for Bangladesh in 2010 is These data indicate that in 2010, income inequality is (Click to select) in the United States compared to Bangladesh.
What's the better way to think about per capita income differences between rich and poor countries today: 20%, 200%, or 2000%? Why?
Explain how income, wealth, and poverty are measured, and how their real-world measures changed over time.
In the figure below, which of the lines represents the lowest per-capita rate increase (r)? 500 400- 300 200 C. 100 0. 0 1 2 3 4. 8 9 10 Generations O line A O line B O line C line D Population size (N) 身

I agree, relationships and work are said to be the cornerstones of being human and both are very important for happiness. Yet juggling the demands of each can be difficult. Having a good work life balance is essential to healthy living. Good point, I was not expecting Switzerland to be among the wealthiest of countries, either. I also would like to see the social inequality score decrease. I think a good start would be to invest in better public education, provide better access to affordable healthcare, and establish better economic policies to promote job growth, and economic mobility ensuring that everyone has access to the same opportunities. I agree, I believe Better Life Index is a very resourceful tool. Better Life Index does give clearer visualization for communities as whole. From the illustrations I gathered we collectively do want to help build a better lifestyle. That’s true! Wheelan's quote is a great reminder of the importance of economics in our lives. Economics is a…
Which of the following groups has the fastest-growing population in the United States? a. Households headed by female members b. Households headed by married couples c. Households headed by male members d. Households headed by Hispanics e. Households headed by African Americans

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