Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 28.2, Problem 2ST
To determine
Gini coefficient.
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Describe how to calculate a Gini coefficient.
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Chapter 28 Solutions
Economics (MindTap Course List)
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- This indicator calculates the proportion of the population with incomes below the estimated poverty line: Select one: a. Head Count Ratio b. Income Gap Ratio c. Human Poverty Index d. Human Development Indexarrow_forwardadvantage of human poverty indexarrow_forwardSuppose the bottom 50 percent of a population (in terms of earnings) all receive an equal share of p percent of the nation’s income, where 0 ≤ p ≤ 50. The top 50 percent of the population all receive an equal share of 1 − p percent of the nations income. Calculate the Gini coefficient as an expression of parrow_forward
- A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. What is the country's underemployment rate?arrow_forwarda. 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.arrow_forwarda. 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,arrow_forward
- Country A has a poverty line of 560 in their currency (i.e., z=560). Calculate the Foster-Greer-Thorbecke (FGT) indices (i.e., P0, P1, P2) by completing the table attached to this question.arrow_forwardThe official poverty index is based on Group of answer choices The number in the family who are employed. In-kind income. Family size and income. An event condition.arrow_forwardWhich of the following Gini coefficients indicates that a country has an equal distribution of income? A.1 B.0.7 C.0.5 D.0.2 E.0arrow_forward
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