The Gini coefficient in 2022 for China & South Africa was 0.45 & 0.54 respectively ln 2023 it changes to G40& 0.61 respectively. Which statement is correct? a)South Africa's inequality increased b) Chinas inequality increased c) Chinas inequality decreased more than South Africa's inequality increased d)South Africa's inequality decreased
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- Due to a stagnant income for 23 years, the number of Mexicans who cannot buy the basic basket has been practically the same since 1992. According to data from the National Council for the Evaluation of Social Development Policy (Coneval), in 2014, the 53.2 percent of the population had income below the welfare line, and a monthly per capita income of 3,115 pesos. In 1992, when poverty began to be measured in Mexico, it was 53.1 percent of the population, with an average income of 3,322 pesos. The basic product consumption basket is a necessary element to calculate inflation through the (INPC / GDP deflator / interest rate) _______________________________Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have virtually the same number of households in absolute poverty. virtually the same percentage of households in absolute poverty virtually the same level of the Human Development Index. none of the above.Conceptual (Basic, [5]) Consider our final lecture on human capital, economic growth and wealth inequality. We showed that the variance in the distribution of the logarithm of human capital is
- You have been provided with the following statement: “According to the World Bank, South Africa remains a dual economy with one of the highest inequality rates in the world, with a Gini Coefficient of 0.643.” address in depth in your brief: A good, understandable definition of the Gini Coefficient. Indicate the significance of the South African Gini coefficient in relation to Gini coefficient ranges associated with equal and unequal income distributions; • Explain how the Gini coefficient is derived from the Lorenz curve by making use of the graph provided;In an economy, over the last decade, each of the top five decile groups has experienced a fall in their share of total income. In contrast, the bottom five decile groups have experienced a substantial increase in their share of total income. It can be concluded that, over this period, the distribution of income is most likely to have become A more equal B more equal but less equitable C more equitable D more equitable but less equalAccording to the analysis and data presented in class, the following are facts and possible reasons for economic inequality in USA within the last few decades, EXCEPT: Question 5 options: The USA has experiences within the last decades continuous increase in Economic Inequality, with special oncentration at the very top 1%. Part of this inequality is is the increasing wage gaps between the skilled vs low skilled workers. High skilled workers are earning more in relative terms in part due to an increase in demand for high skilled labor. Salaries for average wage earners have increased in proportion to their real productivity.
- No written by hand solution Suppose there are two sectors, call them A [agriculture] and M [manufacturing]. People earn say $5 an hour in agriculture and $10 an hour in manufacturing. Suppose we are interested in the share of the bottom 40% and the richest 20%. Let x be the share of people in manufacturing. Derive a formula that gives you the shares of income earned by the lowest 40% of the population and the richest 20% of the population as a function of x. This is a connection between structural transformation and the behavior of inequality.Consider an economy with 4000 people and the following income distribution: each person in the bottom quartile of the income distribution earns $10 dollars per hour; each person in the 2nd quartiles earns $20 dollars per hour; each person in the 3rd quartiles earns $25 dollars per hour;and each person in the top quartile of the income distribution earns $45 dollars per hour. (2) Suppose the bottom quartile pays no taxes, the 2nd quartiles pay 10% its income in taxes, the 3rd pays 20% and the top quartile pays 40% of its income in taxes. 80% of all tax money is redistributed equally to all citizens in the form of military defense, government pensions (social security), roads/highways, etc. The remaining tax money is distributed entirely to the poorest quartile. What is the Gini coefficient associated with this redistribution plan?3) True or False questions: a) Two countries can have the same level of GDP and population size, but different levels of Inequality. b) Two countries can have different levels of GDP and population size, but the same level of inequality. c): The ethical principles of inequality measurement (anonymity, population, relative income and Dalton transfers) are enough to compare any two income distributions in terms of relative inequality. [Hint: consider part e) in question 1 above] To mlate the GI
- Let the following figures represent the average weekly per-capita consumption (in USD) for a sample of 6 random Iraqi households in 2012: 9.7, 9.7, 8.5, 7.3, 2.8, 6.8 Consider the $1.90 per person per day as the relevant international poverty line and define an appropriate weekly poverty line. Compute the poverty severity index for this population of households. The number should be between 0 and 1.Select all true statements about the evolution of inequality in Canada between 1975 and 2019 measured by the Gini coefficient Overall, inequality increased over the 1975-2019 period. Inequality was stable in the 1975-1990 period and increased after 1990. Inequality was stable in the 1975-1990 and decreased after 1990. We do not observe any change in inequality on average. Inequality decreased over the 2000-2019 period. Overall, inequality decreased over the 1975-2019 period. Inequality increased over the 2000-2019 period.Question 13 In the context of intergenerational inequality, regression toward the mean is captured by which of the following? the tendency for the 90-50 wage gap to approach the 50-10 wage gap as a country experiences economic growth the tendency for the tax code to erode inequality by targeting the mean tax rate to mean income the tendency for our the tendency for income differences across families to get smaller over time as the various families move toward the mean income of the population the tendency for inequality to be wider as a country experiences economic growth