The following table gives the distribution of the income of the employees of a company Calculate the cumulative percentage of 2000 income. Calculate the Gini coefficient
Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…
A: Based on a nation's total income levels, the definition of poverty might vary; often, it is…
Q: What was the ratio of per capita income in each of the following countriesto that in the United…
A: Per capita income measures a nation’s income earned by per person on an average in a year.
Q: How do these trends differ from wealth and income distribution during the previous 70 years and why…
A: The total amount of money a person or family makes from various sources, such as earnings, salaries,…
Q: Calculate the area of each section as steps in verifying the calculation of the Gini Coefficient. -…
A: Equation of line : y=x All corresponding area below section can be treated as trapezoidal where the…
Q: ole belov w snows rows ar rcentiles but for groups of 10% instead of 1% of the population. The 1s…
A: We have to find cumulative income share for the bottom 9 deciles in Naboo.
Q: The following is the gender distribution obtained from the class rosters for all sections of a…
A: Numbers Numbers Numbers Numbers Numbers Numbers Numbers Numbers Numbers Total Male in the raw 0 1…
Q: Give a numerical example of how the headcount index doesn’t account for changes in the distribution…
A: The head count ratio (HCR) is the percentage of the population that falls below the poverty line. It…
Q: Population 10 32 15 Income per month 1200 78000 900 per person Total Population 57
A: Calculate the new Gini Coefficient for Algura when income changes as follows:
Q: The official poverty index is based on Group of answer choices The number in the family who…
A: The official poverty index is a specific income level or threshold set by a government or relevant…
Q: D Question 4 From an examination of data on income and wealth, it can be concluded that wealth…
A: Wealth inequality runs even more pronounced than income inequality specially in case of US .
Q: The movement of individuals and households from one income quintile to another over time is called…
A: In an economy, income of the people changes over time with the change in market condition and an…
Q: Data on the distribution of income for the United States show that from 1970 through 2014, the share…
A: The distribution of income refers to how a country's total economic output (GDP) is divided amongst…
Q: Calculate Karl Pearson’s Coefficient of Correlation between age and percentage of regular players…
A: The coefficient of correlation could be a applied mathematics live of the strength of the…
Q: 2. Constructing a Lorenz curve from income shares data The following table shows the approximate…
A: This can be defined as a graphical representation used in economics to illustrate income or wealth…
Q: The following income distribution data are for Lesotho: Quintile Percent Share Lowest 10% 2.2%…
A: Given information National income 1.69 Population Income Share Lowest 10% 2.20% Lowest 20%…
Q: Using the following information provided in the table below, calculate the Gini-coefficient for…
A: find below the answer.
Q: Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32…
A: find the answer below.
Q: Population 10 32 15 Income per month 2000 96000 1500 per person Total Population 57
A: The Gini index, often known as the Gini coefficient, is a measure of income distribution devised by…
Q: Use the following information to calculate poverty rates for the following two countries, Woolandia…
A: The income that is enough to meet the basic needs of life is the poverty line. If an individual does…
Q: Instructions: Use the interactive tool to plot Lorenz curves for the information in the table.
A: Since you have asked multiple questions, we will solve the first three parts for you. If you want…
Q: Calculate the Kari person's coefficient of correlation from the following data.
A: Karl Pearson's Coefficient of Correlation is a widely utilized numerical strategy wherein the…
Q: What is the total income received by the top quintile of this income distribution?
A: The top quintiles of the income distribution can be calculated by following these steps The first…
Q: Economists experience difficulties in accurately measuring income inequality because of which of the…
A: Income inequality means the degree to which income is distributed unequally throughout a…
Q: the government sets the poverty line at an annual income of $8,000. The percentage of people with…
A: Income inequality is an economic concept which explains the unequal distribution of income among the…
Q: The following table summarizes the income distribution for the town of Perkopia, which has a…
A: The objective of the question is to understand the income distribution in Perkopia in 2016,…
Q: Consider the following distribution of income in a 12-person economy, (1, 1, 1.5, 1.5, 2, 2, 2, 2,…
A: Income disparity occurs when an economy's income is not distributed evenly among its citizens. The…
Q: official income distribution estimates for the united states since 1970 show that the gini…
A: The Gini coefficient is an index for measuring the degree of inequality in the distribution of…
Q: A group of 10 people have the following annual incomes: $24, 000, $18, 000, $50, 000, $100, 000,…
A: Solution: Writing the given incomes in increasing order. First quintile 10000 12000 Second…
Q: Below is the Lorenz curve of the country Laurania. Lorenz Curve of Laurania 100 100 Cumulative…
A: Gini coefficient is a measure of income inequality in a country.
Q: The average income of the economy before the regressive transfer is $20 and the covariance between…
A: Introduction: Ginni coefficient: The Gini index, often known as the Gini coefficient, is a measure…
Q: How do you interpret the coefficient of the education variable in the following: wage -0.90 + 0.54…
A: Wage is the dependent variable. Education is the independent variable. -0.90 is the Intercept. It…
Q: Find the median wage of the following distribution : Wages (in $ ): 2,000-3,000 3,000-4,000…
A:
Q: According to research published by the US Census Bureau, Select the correct answer below: there is a…
A: US bureau is a federal organisation which produces data about the US people and economy
Q: Comparison of the share of the total income in a society that different groups receive measures:…
A: The answer is - income inequality.
Q: How has the distribution of household types inthe United States been changing? What are…
A: Households is described as a group of people who are living in a same residence and all are related…
Q: Dina and Charles are married, under the age of 65, and have two children under the age of 18.…
A: "Poverty refers to the condition where a household is deprived of basic and necessary goods because…
Q: The following is the gender distribution obtained from the class rosters for all sections of a…
A: The following is the gender distribution obtained from the class rosters for all sections of a…
Q: Consider the labour market for engineers, which is initially in equilibrium. Now, suppose…
A: Answer (A) The correct answer is option 'A' i.e., demand for engineers to shift the left.…
Q: Cumulative Percentage of National Income 100 50 10 10 Country A 0 50 80 Figure 1 A7. Refer to FIGURE…
A: Lorenz curve is a graphical representation of the relationship between the income percentage and the…
Q: Instructions: Use the interactive tool to plot Lorenz curves for the information in the table.…
A: The Gini index refers to the index that measures the distribution of income across a population. A…
The following table gives the distribution of the income of the employees of a company
Calculate the cumulative percentage of 2000 income.
Calculate the Gini coefficient
![Revenu Effectif
mensuel
1000
50
2000
125
4000
25](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faf7f1955-4418-4672-a9e9-12f2971f8a46%2Fd2ce1906-62ba-4695-adf2-f089aae9bbe3%2Fr9vcm9f_processed.png&w=3840&q=75)
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Income inequalities exist in the U.S. What are some policy tools the government could use to try and equalize incomes between wealthier households and poorer households? Describe two policies. Have these policies been successful in the past? Why or why not ?The table shows the distribution of personal income in the United States in 2016. Percentage of total income Households Poorest 20 percent 3.1 Second 20 percent Third 20 percent Fourth 20 percent Richest 20 percent 8.2 14.3 23.2 51.2 For all U.S. households to receive an equal share of income, what percentage of total income would the poorest 20 percent of households have to receive from higher-income groups? What percentage would the second poorest have to receive? >>> Answer to 1 decimal place. The poorest 20 percent of households would have to receive percent. The second poorest 20 percent of households have to receive percent.If an economy's income is completely equally distributed, then the value of its Gini coefficient is income is completely unequally distributed, then the value of its Gini coefficient is 0; infinity 0; 1 1;0 infinity ; 0 If an economy's Suppose the Gini coefficient in Canada is 0.05, and the Gini coefficient in the United States is 0.42. Which country's income distribution is more evenly distributed? Canada Canada and the United States have the same income distribution. the United States More information is needed to answer this question.
- The graph shows a Lorenz curve for an economy with a total income of 30000; Share of Income a 40% 60% 80% 100% A B C D E 20% suppose that A=100%, b=48%, c=23%, D=9% and E=2% What is the income share of each quintile in percentage? (enter the numbers with % sign, such as 5%) Quintile 1 (poorest quintile) = type your answer... type your answer... type your answer... Percentile Quintile 2 = Quintile 3 = Quintile 4=1. Income inequality and the poverty rate The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2007, the poverty line is set at an annual income of $42,350 for an individual. Year Lowest Quintile Second Quintile 2001 2007 2013 2019 3.0 3.4 3.8 5.0 Share of Total Income in Perkopia (Percent) 8.6 9.4 9.7 11.0 The data in the table suggest that there was Middle Quintile Fourth Quintile 14.0 14.6 15.2 15.5 21.9 22.4 22.9 25.0 Highest Quintile 52.5 50.2 48.4 43.5 income inequality from 2001 to 2019. MacBook Pro Complete the following table to help you determine the poverty rate in Perkopia in 2007. To do this, begin by determining the total income of all individuals in each quintile using the fact that total annual income in the economy is $500,000,000. Next, determine the income of an…Suppose there are 3 households in each society. This table shows income for poor, middle, and rich household, average income for all households, and the Gini coefficient for 4 societies. Based on this table, which of the following is true? (Select all that apply.) Society A Society B Society C Society D оооо Household Income Poor Middle Household Household 20,000 15,000 25,000 30,000 40,000 40,000 40,000 40,000 Rich Household 75,000 100,000 200,000 10,000,000 Society D has the most unequal income distribution. Society A has the most equal income distribution. Society D has the highest overall average income. Society A has the lowest overall average income. Average Income 45,000 51,667 88,333 3,356,667 Gini coefficient .27 .37 .44 .66
- The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Labor Income Tax Paid (dollars) $6,300 9,240 11,200 17,500 Individual Samantha Charles Amanda Young (dollars) $45,000 66,000 80,000 125,000 Average Tax Rate (percent) The income tax is proportional. The income tax is progressive. The income tax is regressive. % P Instructions: Enter your answers as a whole number. a. Complete the table above by calculating the average tax rate paid by each individual. b. Is the income tax depicted here progressive, regressive, or proportional?A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 If $4000 is taxed from the top earner and transferred to the lowest earner, would that increase or decrease the share of income held by the top quintile? Would this transfer increase or decrease the share of income held by the bottom quintile? Would this have any effect on the 2nd quintile? The 3rd? The 4th? Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to the overall utility of the…The following table summarizes the income distribution for the town of Perkopia, which has a population of 10,000 people. Every individual within an income group earns the same income, and the total annual income in the economy is $500,000,000. Suppose that in 2010, the poverty income threshold, or poverty line, is set at an annual income of $42,350 for an individual. Year 2006 2010 2016 2020 Quintile Lowest Lowest Quintile Second Quintile 3.0 3.4 3.8 5.0 The data in the table suggest that there was Second Middle Fourth Highest Share of Total Income in Perkopia (Percent) Middle Quintile Fourth Quintile Highest Quintile 8.6 9.4 9.7 11.0 Share of Income in 2010 (Percent) 3.4 9.4 14.6 22.4 50.2 14.0 14.6 15.2 15.5 Complete the following table to help you determine the poverty line in Perkopia in 2010. To do this, begin by determining the total income of all individuals in each quintile, using the fact that total annual income in the economy is $500,000,000. Next, determine the income of…
- Use the graph to answer the following question. Median Annual Earnings of Full-Time, Year-Round Workers Ages 25-34, by Educational Attainment: 2019 Delars S0.000 0.000 S70.000 70.000 S50,700 60.000 $55,700 S0.000 $44700 S31,700 $40.000 40,000 S35.000 $29,300 30.000 20.000 10.000 Some college, no degree Assodale's degree Bachelor degree Masters or higher degree Al educational Less than High school completion Total ettainment levels high school completion Bachelor's or higher degree Educational atainmest Which of the following statements is supported by the information in the graph? O A. High school graduates earn an average income. B. Investing in education leads to a higher standard of living. O. C. Education has little impact on the earnings of workers. O D. The costs of post-secondary education are greater than the benefits. 7 8 9. 4. W e m b n altThe values in the table reflect the percentages of pre-tax-and transfer income. 22. Refer to Table 20-1. The trend in income inequality from 1980 to 2010 is 23. Refer to Table 20-1. If the distribution of income were completely equal, what percentage of income would the bottom fifth of the population earn? 24. A government policy aimed at protecting people against the risk of adverse events is calledCategory Number of Persons Part Time Employees 30 million People Looking for Work in the last 4 weeks and Have not Worked in the Last Week 9.2 million Full Time Employees 101 million Retirees 15.8 million Full Time Students 13 million Workers that haven't looked because they are marginally attached 4.9 million Workers that haven't looked because they are discouraged 4.1 million Assume the table above includes the population of all individuals age 16 or older in this country. What is the labor force participation rate (as a percentage, but omit the % sign, rounded to the nearest tenth)? Note:- Please give me proper calculation with correct answer otherwise i give downvote Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)