(a) To explain: Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

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Answer 1

Question

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

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5. We learnt the following equation in the class: Ak = sy - (n + 8)k where y = ko. Now, I transform this equation into: Ak/k = sy/k - (n + 8). I want you to use a diagram to show the steady state solution of this equation (In the diagram, there will be two curves - one represents sy/k and one represents (n + 8). In the steady state, of course, Ak/k = 0). In this diagram, the x-axis is k. What will happen to this diagram if the value of n increases?

Not use ai please

3. A country has the following production function: Y = K0.2L0.6p0.2 where Y is total output, K is capital stock, L is population size and P is land size. The depreciation rate (8) is 0.05. The population growth rate (n) is 0. We define: y = ½, k = 1 and p = . Land size is fixed. L a) Find out the steady state values of k and y in terms of p, the per capita land size.

Answer 2

Question

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

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Answer 3

Question

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

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Answer 4

Question

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

Answer 6

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

Answer 7

Chapter 19, Problem 12E

To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

Answer 8

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

Answer 9

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

Answer 10

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

Answer 11

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 19 - Prob. 1E Ch. 19 - Prob. 2E Ch. 19 - Prob. 3E Ch. 19 - Prob. 4E Ch. 19 - Prob. 5E Ch. 19 - Prob. 6E Ch. 19 - Prob. 7E Ch. 19 - Prob. 8E Ch. 19 - Prob. 9E Ch. 19 - Prob. 10E

(a) To explain: Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

Solution Summary: The author explains that Gini coefficient is a numerical expression of statistical dispersion to represent the income or wealth.

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

Want to see the full answer?

Chapter 19 Solutions

(a) To explain: Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

Solution Summary: The author explains that Gini coefficient is a numerical expression of statistical dispersion to represent the income or wealth.

(a) To explain: Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

(b) To explain: Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

(c) To explain: Whether it is expected to see a case in which Gini coefficient is zero.

Want to see the full answer?

Chapter 19 Solutions

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.