{"id":5524,"date":"2023-02-26T19:31:18","date_gmt":"2023-02-26T19:31:18","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/complete-the-multi-question-economics-problem-using-an-income-distribution-data\/"},"modified":"2023-02-26T19:31:18","modified_gmt":"2023-02-26T19:31:18","slug":"complete-the-multi-question-economics-problem-using-an-income-distribution-data","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/complete-the-multi-question-economics-problem-using-an-income-distribution-data\/","title":{"rendered":"Complete the multi-question economics problem using an income distribution data,"},"content":{"rendered":"<div class=\"col-sm-12 messageContent\">\n <b>Learning Goal: <\/b>I&#8217;m working on a economics multi-part question and need the explanation and answer to help me learn.<\/p>\n<p>Answer the following questions:<\/p>\n<ol>\n<li>Carefully graph the Lorenz curve, labeling the axes.<\/li>\n<li>Explain how to find the Gini coefficient, graphically.<\/li>\n<li>Brazil\u00e2\u20ac\u2122s national income is about $300 billion. What is the approximate dollar income of the bottom 20%? Bottom 40%?<\/li>\n<li>Brazil\u00e2\u20ac\u2122s population is approximately 150 million. Suppose that each household makes the average income for its quintile. What is the level of poverty if the poverty line is $400 per capita?<\/li>\n<li>Suppose one percent of national income was transferred from the richest 20% of households to the poorest 20% of households. Show the effect on relative inequality. Under the same transfer, what is the effect on poverty?<\/li>\n<\/ol>\n<p>*Can turn in doc,docx,pdf*<\/p>\n<p>-Distribution data attached below, rubric as well.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Learning Goal: I&#8217;m working on a economics multi-part question and need the explanation and answer to help me learn. Answer the following questions: Carefully graph the Lorenz curve, labeling the axes. Explain how to find the Gini coefficient, graphically. Brazil\u00e2\u20ac\u2122s national income is about $300 billion. What is the approximate dollar income of the bottom [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/5524"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=5524"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/5524\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=5524"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=5524"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=5524"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=5524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}