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Calculate the new Gini Coefficient for Algura when income changes as follows:
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- a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per month per person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per month per person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation Explain,a. What is the Gini Coefficient and how is it useful for a third world country.b. Using the following information provided in the table below, calculate the Gini coefficient for Algura. Population 10 32 15Income per monthper person 2000 96000 1500Total Population 57 c. Calculate the new Gini Coefficient for Algura when income changes as follows: Population 10 32 15Income per monthper person 1200 78000 900Total Population 57 d. As an economist what are some policy recommendation to improve the Gini coefficient for Algura. Do you think enough information was provided to make recommendation.Explain. PLEASE ANSWER D.What was the ratio of per capita income in each of the following countriesto that in the United States in the year 2014. Ethiopia, Mexico, India,and Japan?
- Find the value of GNP deflator if the nominal GDP is 2200 and the real GDP is 1100 need fast?What is difference between cohort analysis and cluster analysis. With exampleUsing the following information provided in the table below, calculate the Gini-coefficient for Algura. Population 10 32 15 Income per month per person 2000 96000 1500 Total Population 57 57 57
- Cumulative % of Population 0 20 40 60 80 100 Cumulative % of Income, United States, 2010 0 5 15 29 49 100 Cumulative % of Income, Argentina, 2010 0 4 13 28 50 100 Report your answers to two decimal places. According to these data, the Gini coefficient for the United States in 2010 is _______ The Gini coefficient for Argentina in 2010 is ______ These data indicate that in 2010, income is (blank) in the United States compared to Argentina.Define and explain the unemployment rate and why is it used to gauge economic health.Education: Does College Pay Off? It is costly in both time and money to go to college.Does it pay off? According to the Bureau of the Census, the answer is yes. The averageannual income (in thousands of dollars) of a household headed by a person with thestated education level is as follows: 24.3 if ninth grade is the highest level achieved.41.4 forhigh school graduates. 59.7 for those holding associate degrees, 82.7 for thosewith bachelor's degrees, 100.8 for those with master’s degrees, and 121.6 for thosewith doctoral degrees. Make a bar graph showing household income for eacheducation level