uppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. What percentage of total income is received by the highest 60 percent of the income receivers in population A? Multiple Choice O O O O 87.5 25 60 76.5
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Suppose the members of population A, consisting of Al, Bob, Curt, Doris, and Ellie, receive annual incomes of $5,000, $2,500, $1,250, $750, and $500, respectively. What percentage of total income is received by the highest 60 percent of the income receivers in population A? Multiple Choice O O O O 87.5 25 60 76.5 < Prev 5 of 10 www www www Ne
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- The top 1 percent of American households hold nearly 40percent of the total wealth. T or F?Emerging markets and developing economies grew consistently in the two decades before the COVID-19 pandemic hit, allowing for much-needed gains in poverty reduction and life expectancy. The crisis now puts much of that progress at risk while further widening the gap between rich and poor. Despite the pre-pandemic gains in poverty reduction and lifespans, many of these countries have struggled to reduce income inequality. At the same time, they saw persistently high shares of inactive youth (i.e., those not in employment, education, or training), wide inequality in education, and large gaps remaining in economic opportunities for women. COVID-19 is expected to make inequality even worse than past crises since measures to contain the pandemic have had disproportionate effects on vulnerable workers and women. Based on the above mentioned text briefly answer the following questions (draw figures wherever required): What is the basic measurement of income inequality?(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)
- Which of the following is not considered a close family member under PAS 24? a. Dependents of the individual or the individual’s domestic partner b. The individual’s domestic partner and children c. Children of the individual’s domestic partner. d. Neither a, b nor c.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?A Gini ratio of 0.99999 would indicate that income distribution is: Group of answer choices almost perfectly equal perfectly equal almost perfectly unequal highly variable
- A significantly larger proportion of higher social class children attend college than lower-class children. This islargely due to differences in ability among social classes. T or F?If marginal revene is given as dTR/dQ = 8Q2 + 90Q + 300 What is the additional revenue proudctions is increased from 20 to 25? Is revenue maximized in this range?A water company owns water pipes that burst often due to poor maintenance. The company can invest GHS m in the maintenance of the pipes. More maintenance means less water loss through bursts and fewer compensation payments to residents due to flooding of their properties. Assume that the value of lost water is 1/m so that more maintenance reduces the amount of loss. Assume that the value of damage to properties where the pipes are routed is 3/m , so that more maintenance decreases the amount of damage to properties. (i.) What is the socially optimal level of maintenance, m? What is the associated value of lost water and property damage? (Note: Minimize the total cost function) ( ii). What level of m is chosen when pipes that burst run through land owned by the government (the company pays nothing for damages even though there is still some damage associated with pipe bursts)? What is the new value for property damage? What is the deadweight loss?
- describe how COVID-19 may differentially affect families across the socioeconomic spectrum. That is, how might the consequences of COVID-19 for families with low SES be similar to or different from the consequences of COVID-19 for families with high SES?Determine a general condition that makes workers want to separate themselves using education as a signal. That is, find a condition that makes high-ability workers want to go to college while low-ability workers do not. Given the wages and costs for both types of workers (wh = 20,wl =16,ch = 2, and cl = 5) and the proportion of high-ability workers in the population (0 = 0.25), does the condition hold? What wages are paid to each type of worker? (a) The condition holds; firms pay wh = $20 and wl = $16 (b) The condition holds; firms pay wh = $18 and wl = $11 (c) The condition does not hold; firms pay wh = $20 and wl = $16 (d) The condition does not hold; firms pay wh = wl = w = $17I need help with 21 with justification