A Gini ratio of 0.99999 would indicate that income distribution is: Group of answer choices almost perfectly equal perfectly equal almost perfectly unequal highly variable
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- What is the approximate Gini coefficient associated with the following income distribution? Household Percentile 0.23 0.08 0.68 0.48 0.13 20th 40th 60th 80th 100th Share of Income 0.05 0.10 0.20 0.25 0.40 Cumulative Share of Income 0.05 0.15 0.35 0.60 1.00Qn 1. According to the News Wire “Inequality,” what is the average per capita income innations where the highest-income decile gets (a) over 45 percent of totalincome? (b) less than 30 percent of total income?A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 $4000 is taxed from the top earner and transferred to the lowest earner Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to overall utility in the economy? Would it increase, decrease, or remain the same? Explain your answer. (Hint: does the marginal utility of income diminish as one earns more?)
- A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 If $4000 is taxed from the top earner and transferred to the lowest earner, would that increase or decrease the share of income held by the top quintile? Would this transfer increase or decrease the share of income held by the bottom quintile? Would this have any effect on the 2nd quintile? The 3rd? The 4th? Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to overall utility in the…A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 If $4000 is taxed from the top earner and transferred to the lowest earner, would that increase or decrease the share of income held by the top quintile? Would this transfer increase or decrease the share of income held by the bottom quintile? Would this have any effect on the 2nd quintile? The 3rd? The 4th? Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to the overall utility of the…A group of 10 golfing friends have the following annual incomes: $32,000, $12,000, $56,000, $120,000, $10,000, $38,000, $70,000, $16,000, $20,000, $24,000. The share of income received by the third quintile of this income distribution is 14.9% 13.1% 14.1% 13.9%
- Plz anwer correctly . Any typed answer onlyOfficials in fluxemburg are concerned about the current level of income inequality in their country, where the highest quintile of families currently earns 60% of the country's income. The central government has income information on its citizenry, and they want you to help them interpret the data from a 15-year period. The following table gives data on how families have moved between income quintiles between the years shown. ral in the missing values in the distribution table for familles in Fluxemburg; then use the information in the table to answer the following questions. Income Distribution in 2007 (Percent) Third Quintile Fourth Quintile Lowest Quintile Income Distribution in 1992 Highest Quintile Second Quintile Highest Quintile Second Quintile Third Quintile Fourth Quintile Lowest Quintile 65 12 13 51 18 8 12 -0* 52 Looking at families in the lowest quintile of income in 1992 (bottom row), you can report that higher quintile of income distribution by 2007. 6 10 16 57 11 5 14 66…What is calculation of Herfindahl-Hirschman Index
- official income distribution estimates for the united states since 1970 show that the gini coefficient has; increased, decreased, stayed the same, fluctuated between 0.25 and 0.35A male oriented jeans manufacturer is interested in designing and marketing jeans exclusively designed for women. In this case, the primary segmentation variable the jeans manufacturing is using is: A Gender В Age C Race D Usage rateThe table below shows information about the distribution of income in two countries. The rows are labeled "deciles" which are like percentiles but for groups of 10% instead of 1% of the population. The 1St decile is the poorest 10%, for example, while the 10th decile is the richest 10%. Coruscant Naboo cumulative income cumulative income decile income share share income share share 1st 2.29% 2.29% 3.12% 3.12% 2nd 3.93% 6.22% 4.50% 7.62% 3rd 5.30% 11.52% 5.69% 13.31% 4th 6.56% 18.08% 6.80% 20.11% 5th 7.81% 25.89% 7.91% 28.02% 6th 9.14% 35.04% 9.11% 37.13% 7th 10.69% 45.73% 10.52% 47.65% 8th 12.71% 58.44% 12.37% 60.02% 9th 15.94% 15.32% 10th 25.61% 24.66% mean income = 50,000 35,000 What is the cumulative income share for the bottom 9 deciles in Naboo?