Economics:
Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
Question
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Chapter 33, Problem 12E
To determine

(a)

To explain:

Whether it is expected to see a case in which Gini coefficient for a nation is smaller than the average of the Gini coefficients for all nations.

To determine

(b)

To explain:

Whether it is expected to see a case in which the Gini coefficient for income distribution among nations is larger than the average of all nations.

To determine

(c)

To explain:

Whether it is expected to see a case in which Gini coefficient is zero.

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a. Equitable distribution of income is a thorny issue for many nations. You have been selected as an economist in the Treasury, and you are addressing the Treasury team. What could you highlight its causes of inequality in your country in question and comment on your proposed solutions to the country problems? b. Comment on ballot box theory.
Match the scenario/description provided to the the type of poverty OR human development issue to which it best applies.  absolute poverty          -           A.           B.           C.           D.           E.       Human development issue          -           A.           B.           C.           D.           E.       subjective poverty          -           A.           B.           C.           D.           E.       relative poverty A. Mary won 1K in a scratch off. She has bunch of credit card debt. She knows she should use the 1000 for that, but she never gets to have special things so she bought herself a Louis Vuitton, and said to heck with bills.     B. Mary set up a tent-like shack beside the river for her and her family to live because they didn’t have any housing. It was swept away unexpectedly with jer and her family inside when the river dam was opened by the authorities in the area.  C. Mary is one of the one billion…
Choose a country of your choice and answer the following questions: I) is there any income inequality? Explain. ii) Is there a equality in income distribution?
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