LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Question
Chapter 7, Problem 7P
To determine
The countries with the most equal and the most unequal income distribution.
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Students have asked these similar questions
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 Index
GDP per capita is an indicator that tells us the whole picture about income inequality and income distribution.
Group of answer choices
True
False
Part A: Differentiate between measures of annual income. Is it better to describe a region’s ‘typical’ standard of living based on mean annual income measures? If not, what would you suggest as a better descriptive statistic?
Part B: Differentiate between income and wealth. Why is income data so prevalent while wealth data so rare? Finally, explain two different methods of measuring wealth.
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Similar questions
- What was the ratio of per capita income in each of the following countriesto that in the United States in the year 2014. Ethiopia, Mexico, India,and Japan?arrow_forwardThe poorest 90 percent of people share equally in 40 percent of the wealth. the rich share equally in the remaining proportion of the wealth. Calculate the Gini coefficient. Give answer in two decimals and provided step by steparrow_forwardBriefly describe any four census-related deficiencies as sources of geographical data.arrow_forward
- 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 57 57arrow_forwardCompare the Human Development Index and Multidimensional Poverty Index in Ghana & Cote d'Ivoirearrow_forwardDistinguish between size and functional distributions of income in a nation. Which do you conclude is the more appropriate concept? Explain your answer.arrow_forward
- A key theme of criticism of globalization is that it seems to unfairly reward the rich and punish the poor. One way to think about this is to look at the issue of income inequality. Technically, income inequality is the unequal distribution of household or individual income across the various participants in an economy. Income inequality is often presented as the percentage of income to a percentage of population. For example, a statistic may indicate that 70% of a country's income is controlled by 20% of that country's residents. Work on income inequality in the USA shows the change in income between 1980 and 2014 for every point on the distribution of people in terms of income percentile that is, we can track the changing distribution of income, from the poorest person to the richest person over that time span. As seen in the chart below, it’s mostly flat and close to zero, before spiking upward at the end—as such, some say it resembles a classic hockey-stick graph. Based on this…arrow_forwarda. Compare the differences and the similarities between the Gini Coefficient, the Human Development Index and the Gender Development Index. b. Identify 3 possible compilation issues statisticians can encounter in compiling Composite Human Indices.arrow_forward1. High incoime family. Income before tax: $500,000 tax rate 37% taxes paid $185,000 after tax income $315,000. 2. Middle income family. Income before tax: $50,000. tax rate 20% taxes paid 10,000 after tax income $40,000 3. Low income family. Income before tax: $20,000 tax rate 10% taxes paid $2,000 after tax income $18,000 Using the table, what is the ratio of a high-income family's income to a low-income family's income before and after taxes?arrow_forward
- What are the major changes of the global distribution of income from 1980 to 2022, with figures, including both within country and between country inequality?arrow_forwardUS has one of the World's largest income inequality disparities. Discuss the reasons for this Gap. List at least four reasons.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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