Answered: Perfect inequality in the distribution…

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 5PA

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TRUE or FALSE

51. Perfect inequality in the distribution of income can be exhibited in reality.

52. Holding all other incomes constant, if we transfer some income from a richer person to a poorer person, the resulting new income distribution is more unequal.

53. There is absolute poverty below the international poverty line.

54. Modern sector enlargement assures a better Lorenz Curve for a nation.

55. The average poverty gap measures the sum of the differences in the income of each person from the absolute poverty line.

56. The multidimensional poverty index gives equal weight to all eight indicators.

57. The normalized income shortfall is a measure of income inequality. d income inequality is thoroughly planned, implemented, and monitored, a nation is secured of achieving economic development.

59. The GINI Coefficient relates the Lorenz Curve and the line of perfect quality of percentage of income and percentage of the population.

60. Development process in the Philippines that is biassed towards the urban areas is always justifiable from the perspective of Development Economics.

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