(a) The income gap ratio and the head count, as measures of poverty, may lead to very of antipoverty resources by policy makers. (b) The poverty gap ratio and the income gap ratio focus attention on different aspects of the poverty problem. (c) Both the poverty gap ratio and income gap ratio are insensitive to the inequality among the poor. (d) The FGT indices are increasingly sensitive to the income distribution among the poor, the greater is the value of a

(a) The income gap ratio and the head count, as measures of poverty, may lead to very of antipoverty resources by policy makers. (b) The poverty gap ratio and the income gap ratio focus attention on different aspects of the poverty problem. (c) Both the poverty gap ratio and income gap ratio are insensitive to the inequality among the poor. (d) The FGT indices are increasingly sensitive to the income distribution among the poor, the greater is the value of a

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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1) Greater curvature of the Lorenz line is correlated to greater relative degree of inequality. 2) The opportunity cost of an education, in developing countries, is relatively low compared to those in a highly developed country. a. First statement is TRUE, second is FALSE b. First statement is FALSE, second is TRUE c. Both statements are TRUE d. Both statements are FALSE
Only typed answer Unlike traditional social welfare programs, the Earned Income Tax Credit has been shown to increase: a. both equity and efficiency. b. equity but not efficiency. c. efficiency but not equity. d. neither equity nor efficiency.
Which statements are TRUE? 1. Personal income is the income that is eventually spent or saved by the earner. 2. The tax levied on goods and services which is finally borne by the end-consumer is known as indirect tax. 3. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of population. 4. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics. 5. Up to this time, poverty is experienced more by women rather than men at the national and international level.
True or false: An increase in the share of income earned by the top half of the income distribution implies that the bottom half’s share and per capita income both decreased. (Be sure to address both “share” and “per capita income.”).
Why does the failure to adjust the poverty line for regional differences in living costs lead to an understatement of poverty in some states and an overstatement of poverty in others? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Suppose Inequality decreases without growth of mean incomes. What may likely happen to poverty? Suppose growth of mean income occurs without a change in inequality. What may likely happen to poverty? Explain Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
1. What two healthcare programs provide coverage for the indigent and elderly here in the U.S.? 2. Infant mortality rates in the U.S. are among the highest for developed countries and one of the factors maybe structural inequalities among various racial groups. A. True B. False
Refer to the diagram. If line (c) represents the pretax and transfer distribution of income in the United States, the post-tax and transfer distribution is best represented by Multiple Choice line (a). line (b). line (c) because taxes and transfers have no effect on income distribution. line (d).
Which of the following is an example of a positive economic statement? a.The government should not be involved in the income redistribution schemes. b.The after-tax distribution of income is more equal than the pre-tax distribution of income. c.The distribution of income in the United States should be more equal. d.The tax system should be more progressive so that the after-tax distribution of income can be more equal.
Which statements are TRUE? A. When government’s intervention to poverty and income inequality are thoroughly planned, implemented and monitored, a nation is secured of achieving economic development. B. When the S-shaped function cuts the 45-degree line of equality from above, the equilibrium achieved is stable. C. Underdevelopment can be fully explained by coordination failure and problem diagnostics failure. D. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.
Discuss three (3) specific strategies / policies that would address the issue of inequality between the rich and poor in the urban areas
61. Development process in the Philippinesthat is biased towards the urban areas isalways justifiable from the perspective ofDevelopment Economics. *A. TRUEB. FALSE62. Up to this time, poverty is experienced moreby women rather than men at the national andinternational level. *A. TRUEB. FALSE63. Free education is a means of reducingpoverty among ethnic communities. *A. TRUEB. FALSE64. Terrorism, regardless of its place ofoccurrence, exacerbates poverty. *A. TRUEB. FALSE65. Public policy is essential in solving povertyat the local and national level. *A. TRUEB. FALSE66. Solving poverty has to be done frommacroeconomic and microeconomic levels. *A. TRUEB. FALSE67. The Kuznets Curve is a graphicalpresentation of the relationship of the Ginicoefficient and GNI per capita. A. TRUEB. FALSE68. The formal sector is the part of the urbaneconomy that is characterized by smallcompetitive individuals or small firms, pettyretail trade and services, labor-intensivemethods, free entry and market…