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 15 Income per month per person 2000 96000 1500 Total Population 57
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 15
Income per month
per person
2000 96000 1500
Total Population 57
c. Calculate the new Gini Coefficient for Algura when income changes as follows:
Population 10 32 15
Income per month
per person 1200 78000 900
Total 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,
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