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![Share of Income
0.8
0.6
0.4
0.2
Ao
0.2
04
Perfect-Equality
Lorenz Curve
10
D=15
0.6
Actual
Lorenz Curve
0.8
B
7
C
can someone calculate the gini coefficent please? ASAP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff0f34e65-b24b-4add-b5d3-bb39e9d04378%2F006cb4cf-e4b3-47ef-8830-85c86b231dd9%2Fc44k6a7.jpeg&w=3840&q=75)
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- 19:12 O u 39% & Edit 88 24 4) Cite your references (at least three articles or text book chapters) at the bottom of each answer. 5) Use font size 12 and 1.5-line spacing. 6) Use clearly labelled diagrams RT ONE (PROVIDE HALF PAGE EXPLANATIONS FOR EACH SECTION OF QUESTION ONE) ESTION ONE esent clearly: a) The Fundamental Theorems of Welfare Economics b) The Excess burden doctrine based on the Marshallian Analysis c) The principle of fiscal neutrality d) Maximization behavior of bureaucrats e) The anatomies of market failure and government failure f) Arrow's Impossibility Theorem g) The Internal Rate of Return criterion h) Challenges of designing an efficient tax system in a developing country i) Shortcomings of a highly centralized system of government and how devolution resolves the failures of the centralized government system j) The nature of tax evasion and tax avoidance at the international level k) The Ratchet Effect in Public Expenditure Theory RT TWO (USE AT MAXIMUM TWO (2)…A5 South Africa's top 10% of earners contribute almost half of all revenue, and the richest 10% of its residents holds 85.6% of net wealth, according to the OECD, which sees scope for the tax system to be used more to reduce inequality. Based on the above paragraph, which of the following statements is INCORREC A. South African 's bottom 90%of income earners contribute allof to the revenu B. South Africa's income inequality levels are very hig C. South Africa' s income inequality levels are very lo D. South Africa's income contribution is equalwheTIn 2010 the government’s main medical adviser drew up plans for a minimum price foralcohol intended to double the cost of some drinks.Under the proposal no drinks could be sold for less than 50 pence per unit of alcohol theycontain. This would mean most bottles of wine could not be sold for under £4.50. Theproposal is aimed at reducing alcohol abuse. A spokesman for an opposition party saidthat it was more important to deal with peoples’ attitudes and not just the price of alcohol.The Portman Group, set up by drinks manufacturers to promote sensible drinking, arguesthat it would damage the majority of drinkers who behave responsibly in terms of theirconsumption.The NHS bill for alcohol abuse is an estimated £2.7bn a year. Recent figures showhospital admissions linked to alcohol use have more than doubled in England since 1995.Alcohol was the main or secondary cause of 207,800 NHS admissions in 2006/7,compared to 93,500 in 1995/96. The number of alcohol-related deaths in England…
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