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![(4) A well-known measure of economic inequality is the log variance. It is measured by
n:[In y; – In µ]².
LV =
Show that this measure satisfies anonymity, the population principle and the relative income
principle, but fails to be Lorenz-consistent.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F789fa26b-aea4-415a-b989-a47938b2b9cb%2F85aa27c9-7b21-4c80-863f-fa69a706ddf4%2Fk33etlu_processed.png&w=3840&q=75)
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- (SW 7.10) Show that the two alternative formulas below for the homoscedasticity-only F-statistic are equivalent. F = (SSRrestricted − SSRunrestricted) /q SSRunrestricted/ (n − kunrestricted − 1) (equation 7.13 in SW) F = R2 unrestricted − R2 restricted /q (1 − R2 unrestricted) / (n − kunrestricted − 1) (equation 7.14 in SW)Qn 1. According to the News Wire “Inequality,” what is the average per capita income innations where the highest-income decile gets (a) over 45 percent of totalincome? (b) less than 30 percent of total income?Suppose the proportion P of people affected by a certain disease is described by ln (P/1-P) = 0.1t where t is the time in months. Find dP/dt, the rate at which P grows.
- Draw and compare lorenz curves for the given array of population, 20% from the population strata given. Population of country A from poorest to richest has income shares of 8%, 13%, 15%, 23% and 41% while the country B has 8%, 10%, 13%, 25% and 44% respectively. Looking at both results what can be inferred? Calculate GINI Coefficient as wellHow is absolute poverty measured, in comparison to the distribution of national income? Write down a statistic for each measurement. List 3 countries in Latin America with extremely high rates of absolute poverty and 3 countries with very high income inequality. What are 2 factors which may have increased absolute poverty rates throughout the region’s history? Finally, provide 2 factors which have increased income inequality in Latin America throughout its history.If we model after-tax household income with a normal distribution, then the figures of a study imply the information in the following table. Assume that the distribution of incomes in each country is normal. \table[[Country,Country A,Country B,Country C,Country D,Country E],[Mean Household Income,$11,000,$40,000,$13,000,$12,000,$34,000
- Explain the term multicolllinearityAfter entering a lease in Uganda, a US company has increased crop production which has been documented to have contributed to food security in Uganda. However, an NGO raises concerns that the company unfairly took over a community’s land and should therefore be held accountable. From which perspective is the NGO most likely operating? A Idealism ethic B Utilitarian ethic C Pragmatic ethic D Rights-based ethic Approximately 48% of children were living in multidimensional poverty prior to the onset of the Covid-19 pandemic. Since the pandemic... A multidimensional poverty increased dramatically, to more than 75% B multidimensional poverty has been debunked, it is not a valid measure of poverty C poverty has not changed D multidimensional poverty increased by only a few percentage points - many of the problems pre-date Covid-19A Gini coefficient of 0.15 would indicate that a society’s distribution of income is: A. PERFECTLY EQUAL B. RELATIVELY EQUAL C. MODERATELY UNEQUAL D. VERY UNEQUAL E. THE MOST UNEQUAL POSSIBLE
- S1: The age structure in a country does not necessarily reflect its burden of dependency. S2: In the Philippines, men live longer than women generally. A. True, True B. True, False C. False, True D. False, FalseThere is a growing concern with the incidence of poverty among unattached, non-elderly individuals. Feng, Dubey, and Brooks (2007) find that being a high school leaver is an important risk factor for being in low income for this group. Provincial welfare and workfare programs often require recipients to participate in some job/employment related activities. Discuss the strengths and weaknesses of this approach compared with an approach that stressed investments in human capital and education.Which of the following statements regarding the Gini coefficient are correct? A. It is the measure of the average difference in income between every pair of individuals in the population. B. It can be calculated exactly as g=A/(A+B), where A is the area between the Lorenz curve and the 45-degree line, and A + B is the area under the 45-degree line. C. The fraction A/(A+B) is an accurate approximation when the population is small. D. If 50% of a large population owned 2% of the wealth each, then the Gini coefficient equals 0.6.
