Which of these is a possible cause of the value of the Gini coefficient increasing from 30 to 35? a. The average age of the working age population increasing. b. A $5000 increase in the income of the median household. c. Falling incomes across all deciles. d. The income of the top 10% rising faster than the income of the bottom 10%.
Which of these is a possible cause of the value of the Gini coefficient increasing from 30 to 35? a. The average age of the working age population increasing. b. A $5000 increase in the income of the median household. c. Falling incomes across all deciles. d. The income of the top 10% rising faster than the income of the bottom 10%.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of these is a possible cause of the value of the Gini coefficient increasing from 30 to 35?
a. The average age of the working age population increasing.
b. A $5000 increase in the income of the median household.
c. Falling incomes across all deciles.
d. The income of the top 10% rising faster than the income of the bottom 10%.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education