Business, 21.05.2020 22:59 emmajobaby

A country with a population of 100,000,000 has the following income distribution:
- Everyone in the first quintile earns exactly $200/month.
- Everyone in the second quintile earns exactly $350/month.
- Everyone in the third quintile earns $600/month
- Everyone in the fourth quintile earns $1000/month
- Everyone in the fifth quintile earns $2000/month
Assume the poverty line is at $400/month.
(a) Draw the Lorenz curve for this country.
(b) Calculate the headcount ratio. Calculate the average proportional income gap and the Poverty gap index (P1).
(c) Is it important to determine whether a country's Lorenz curve is drawn before or after taxes are taken out of incomes and government-paid supplements are added back into incomes? Explain why (20 Words maximum).

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 10:30

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

Answers: 1

Answer

Business, 22.06.2019 13:40

A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.

Answers: 3

Answer

Business, 22.06.2019 14:10

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Answers: 1

Answer

Business, 22.06.2019 16:00

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Answers: 3

Answer

You know the right answer?

A country with a population of 100,000,000 has the following income distribution:
- Everyone...

Questions

SAT, 06.05.2020 02:43

Omg guys Kanye East !!...

Business, 06.05.2020 02:43

Hennig Plastics Equipment Corporation has developed a new injection mold—model XP-30—that has been designed to outperform a competitor’s best-selling...

Business, 06.05.2020 02:43

On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and 6,000 shares of 10% cu...