Which of these two are more unequally distributed in the us

Assignment Help Econometrics
Reference no: EM131032621

1. How rich are the rich? Wealth statistics on the very rich are compiled every year by Forbes magazine. Answer the following questions:

a. Carefully define wealth, differentiating it from income. Which of these two are more unequally distributed in the US? Why?

b. Find out who are the richest in the US and world at Forbes.com: https://www.forbes.com/i. Choose lists, then "400 Richest Americans."ii. Select ten individuals for study at random.iii. List and explain your 10 individuals and explain how much wealth they each own. (Make certain that your units are correct.) How did they achieve this wealth?

c. Based on your sample, explain what percentage of individuals gained this wealth through inheritance and what percentage through entrepreneurship.

Reference no: EM131032621

Questions Cloud

Explain each of the forms of memory : For this week's Discussion explain each of the forms of memory (episodic, semantic, and procedural memory), providing your own real-world example of each of these types of memory. Make sure you explain why each of the real-world scenarios you prov..
Identify and discuss three macroeconomic issues of malaysia : identify and discuss three macroeconomic issues of Malaysia, the length of answer should not be more than 3 pages with 1.5spacing, size 12 Times New Rome
Explain how the perspectives differ from one another : Describe the main concepts involved in each perspective. Explain how the perspectives differ from one another. Identify possible limitations of each perspective.
Explain the steps used to develop a forecasting system : Explain the steps used to develop a forecasting system. How would these steps be specifically utilized by this company? What do you predict would be the result of implementing a forecasting system for the top-selling product line at this company
Which of these two are more unequally distributed in the us : Based on your sample, explain what percentage of individuals gained this wealth through inheritance and what percentage through entrepreneurship.
Write a persuasive essay against captivity of killer whales : Write a persuasive essay against the captivity of killer whales. The length of the essay is 750 words. The essay is formated in MLA style.
Write paper on how social media effect academic performance : Write a research paper about how social media effect academic performance. The essay writen in APA style format and require 12 pages long.
Explain oligopoly and perfect competition market structures : Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them
What conclusions were made based on the research : What was the research question the author was investigating in the study? How did the author(s) conduct the research? What methods were used? What conclusions were made based on the research?

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the marginal revenue curve

Suppose that a firm faces a demand curve that has a constant elasticity of -2. This demand curve is given by q = 256/P^2. Suppose also that the firm has a marginal cost curve of the form MC = 0.001q. a) Graph these demand and marginal cost curves

  Compute marginal and average revenue of the firm

Consider the following demand schedule. Does it apply to a perfectly competitive firm Compute marginal and average revenue. Price Quantity Price Quantity Suppose the marginal cost of producing the good in is a constant $10 per unit of output.

  How many firms do you expect there to be in the industry

the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include a normal pro..

  Find total productivity measure nd partial measures of labor

Various financial data for 2007 and 2008 follow. Calculate thetotal productivity measure and the partial measures for labor,capital, and raw materials for this company for both years. What do these measures tell you about this company

  How much total profit is the firm earning at the price

Suppose a monopolist charges a price of $27 for its product and sells 10 units at that price. At 10 units of production the firm has average fixed cost equal to $10 and average variable cost equal to $12. How much total profit is the firm earning ..

  Write down the critical value of the test statistic

Write down the critical value of the test statistic at the five percent level of significance and carry out the test. What do you conclude about serial correlation?

  Compute the value of the test statistic

According to the Census Bureau, 3.20 people reside in the typical American household. A sample of 26 households in Arizona retirement communities showed the mean number of residents per household was 2.86 residents.

  Test the null hypothesis of independence of variables

Test the null hypothesis of independence of the two qualitative variables A (political affiliation: A1 = Republican; A2 = Democrat; A3 = Independent) and B (education: B1 = high school; B2 = college; B3 = graduate school)

  Compute the demand of x under the new price

Cindy consumes goods x and y. Her demand for x is given by x(px, m) = 0.05m -5.15px. Now her income is $419, the price of x is $3, and the price of y is $1. b. Compute the demand of x under the new price.

  How to calculate the exact discounted values involved

Suppose that average earnings by age group for bachelor's and Master's degree holders were as follows: Age group bachelor's Master's 23-24 $35,000 -- 25-29 40,000 $48,000 30-34 44,000 56,000 Suppose further that tuition and fees for the Master's p..

  Discussion on advertising costs and economic efficiency

Advertising can inform purchaser, but sellers must incur expenses to advertise. If so, advertising can result in higher prices to customers.

  How much would the man owe the lender at the time

A man borrows $250,000 to buy a house at the end of year 0 at a nominal 10% a year compounded quarterly. He arranges to make quarterly payments for 10 years, with the first quarterly payments occurring 6 months after receiving

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd