1. The Gini coefficient gives a measure regarding ___________. a. the level of relative inequality b. the level of poverty c. the rate of growth d. disguised unemployment
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- According to Simon Kuznets, what drives the decrease in income inequality? According to French economist Thomas Piketty, how does the relationship between the interest rate, r, and the economic growth rate, g, influence the Great Divergence? According to Simon Kuznets, the decrease in income inequality arises from A. progressive income taxation O B. strengthening of labor unions C. market forces in a dynamic economy O D. wage and price controls French economist Thomas Piketty, says that the Great Divergence is a consequence of where r is the interest rate and g is the economic growth rate. O A. rg O D. r=g Click to select your answer. MacBook Air DII 888 :二. F8 80 F7 F6 F5 F4 F3 esc F2 F1 2$ 8. 4 #3Which 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.0What is the impact of income inequality on economic growth? A. Income inequality has no effect on economic growth B. Income inequality positively affects economic growth C. Income inequality negatively affects economic growth D. Income inequality is inversely related to economic growth
- a-Explain the importance of GDP in ? b-Describe the concepts of absolute poverty to relate the situation ? c-Describe the impact of under populated ? d-Discuss the idea of ignoring the human welfare in ?Assume that a very tiny and very poor DVC has income per capita of $300 and total national income of $3 million. Instructions: Round your answers to the nearest whole number. a. How large Is its population? 10000 b. If Its population grows by 2 percent in some year while its total income grows by 4 percent, what will be its new Income per capita rounded to full dollars? c. If the population had not grown during the year, what would have been its income per capita?4. There is evidence that income per worker is converging in A) the richest countries and the poorest countries. B) the richest countries, but not the poorest countries. C) the poorest countries, but not the richest countries. D) neither the richest nor the poorest countries. please please give explanations and graph using historical data, that will be great. Thanks
- Income inequality is not good for economic development for the reason that _______. a. Income inequality may threaten political stability, because people are dissatisfied with their economic situation and place blame on political authorities b. Income inequality reduces the pool of people with resources, such as education, to improve productivity c. Income inequality may increase distrust and deter commitment among people in the marketplace, making contracts enforcement difficult d. First and second option onlyWith reference to measurements of the dimensions of the Human Development Index which of the following statement is incorrect? a. No of households in a family b. A long and healthy life is measured by life expectancy at birth c. A decent standard of living is measured by GDP per capita in purchasing Power Parity (PPP) US Dollars d. nowledge is measured by the adult literacy rate (with two thirds weight) and the combined primary, secondary and tertiary gross enrolment ratio (with one third weight)71.Improvements in nutrition and health care typically increase life expectancies and decrease mortality rates , but don't increase the rate of population growth . T F
- A. Outline how ONE (1) measure that the Human Development Index is used to promote:i. economic growthii. economic developmentB. Assess the use of Human Development Index as an alternate measure of EconomicDevelopment.14. In many developing nations, ______________________ is defined as the minimum income a person needs to survive, typically $1 to $2 a day.Must we have inequality for economic growth? A. Yes, disparities in income and wealth encourage hard work and saving. B. Yes, the richer individuals are in society, the more they can invest their capital in society and produce jobs for all. C. No, inequality stymies economic growth. More unequal nations grow less quickly than more equal societies - potentially due to speculative spending, and low healthcare outcomes and educational attainment for poorer people leading to less productivity. D. No, it is mean spirited and makes people dislike each other.
