Which of the following statements is/are TRUE? I. Country A has the least inequality in income distribution. II. The distribution of income in Country B is more equitable than in Country C. II. Country A has the highest Gini index. IV. There is greater inequality in income distribution in Country A than in Country B.

Q: * 100% Country A Country B Cumulative Share of 100% Polulation The above graphs shows Lorenz curves…

A: A Lorenz curve is a graphical representation of income inequality or wealth inequality created by…

Q: Explain why the poverty gap ratio is the better target measure of poverty than the head- count…

A: The poverty gap represents the intensity of poverty in a country while the head-count ratio shows…

Q: Thich one of the following would increase income inequality as measured by official Census data and…

A: Income inequalities increase the gap between the poor and the rich widens.  In this case if social…

Q: The combination of low GDP per capita and high income inequality is sometimes positive for companies…

A: Agricultural products include vegetables, oils, fruits, milk, meat, eggs, and cereals.

Q: Exercise 2 We have the following income distribution for Greece and Norway in the year 2017…

A: A social welfare function is a function in welfare economics that evaluates social states as less…

Q: Differentiate Income Distribution and Wealth Distribution as well as discuss the different causes of…

A: Income distribution refers to equality with which income is divided among different sections of the…

Q: What are some reasons why a certain degree of inequality of income would be expected in a market…

A: Income inequality describes that how unevenly the income is distributed in the economy. Uneven…

Q: QUESTION 10 According to OECD data (see the link below), the income inequality as measured by the…

A: In a given year, income is defined as household disposable income. It is made up of earnings,…

Q: Measuring Inequality: Consider the following (roughly measured) distribution of income in th…

A: The X axis represents the percentage of households in the society and the Y axis represents the…

Q: The term obtained by dividing the area of inequality shown by a Lorenz curve by the area of the…

A: Gini Coefficient It is the area below the line of perfect equality minus the area below the Lorenz…

Q: How to redistribute income to reduce poverty, without causing loss of economic incentives.

A: Answer: Redistribution of income to reduce poverty can be achieved through the following ways:…

Q: Explain three methods of measuring the income inequality of a nation?

A: Economic inequality is how wealth is spread inefficiently through a society. There are many…

Q: Which of the following would be a significant cause of income inequality in the United States?

A: To find : Cause of income inequality.

Q: Does education level give impact to the income Inequality? Why?

A: The uneven distribution of income throughout a population is known as income inequality. The less…

Q: In an economy with perfect income equality the Gini coefficient would be

A: The Gini record, or Gini coefficient, measures pay appropriation across a populace.

Q: Using two demand and supply diagrams, one for the low-wage labor market and one for the high-wage…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: What is income redistribution? Be specific and provide at least three examples.

A: Economics deals with the scarcity and unlimited wants of the people. The economy is bagged by scarce…

Q: Which number line represents the solution to the inequality below? + 8 > 15 A. 32 33 34 35 36 37 38…

A: Given: x5+8≥15

Q: Explain how income inequality in the United States is measured and described.

A: Income inequality refer to the gap or difference in the reference of income paid to in individual by…

Q: Write your ideason what should be done to halt the inequality among people experienced in each…

A: Inequality: It refers to how financial factors are distributed among people in a gathering, among…

Q: The graph below shows the Lorenz curves of two different countries stylistically called ‘red’ and…

A: The Gini index, often known as the Gini coefficient, measures income distribution throughout a…

Q: What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: The degree of inequality in the distribution of income in an economy is depicted in aln O Lorenz…

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages,…

Q: Suppose that the Lorenz Curve for country A is given by YA = x².2 and for country B is yB = 0.3x² +…

A: In this question the Lorentz curve is given for the two different countries, the Lorentz curve…

Q: Mozambique has the least inequality when it comes to income distribution Algeria has the greatest…

A: Gini Index: The gini index/indices based in gini coefficient which is a statistical tool used to…

Q: Percent of Percent of income income Beta Household percentage Lowest 20 percent Second 20 percent…

A: In an economy, Lorenz curve refers to line that shows the income inequality among the people of a…

Q: Should the government be involved to create more equality in income disparities

A: Income disparity is the way unevenly income is disseminated all through a populace. The less…

Q: According to the News Wire “Inequality,” what is the average per capita income in nations where the…

A: a. According to the news (2017) more than 45% decline in the income are Namibia that has per capital…

Q: Debate the economic arguments for and against income inequality

A: The unequal distribution of income across population is called income inequality. The dispersion is…

Q: Why would income inequality be as damaging as poverty?  Explain each concept.

A: Income inequality refers to the unequal distribution of income among the population. This implies…

Q: What factors have contributed to increased income inequality since 1975?

A: ncome inequality has increased within the us over the past 30 years, as income has flowed unequally…

Q: Why do you think there has been movement toward greater income equality during the 1929 to 1970…

A: The degree to which wealth is distributed unequally within a society is referred to as income…

Q: Discuss the concept of the “optimal amount of inequality.” What are some of the practical problems…

A: Optimal amount of inequality is alluded to the level endurable degree of inequality in the country.…

Q: d. Which of the following are drawbacks to redistribution of income? Select all that apply. Income…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Does the current Social Security system promote income equality? Why or why not

A: An individual is benefitted of social security from a payroll tax paid from their individual…

Q: Explain and interpret different methods of measuring income inequality.

A: Income equality shows the differences between the income of different groups of people. It helps to…

Q: Make a case for income inequality

A: Income inequality is a very worst situation for the countries all around the world.It would decrease…

Q: Lorenz curves of two different countries stylistically called ‘red’ and ‘green’.

A:

Q: List three policies that can affect the level of economic inequality.

A: In the set of development instruments of a country, the economic inequality is always kept on the…

Q: Identify some public policies that can reduce the level of economic inequality

A: Economic inequality refers to presence of disparities among wealth and incomes of individuals.