User Account

All Pages

Articulated lorenz curve model

Assignment Help Macroeconomics
Reference no: EM131153786

Suppose you're an economist working for the Brookings Institute and you've been asked to comment on what you see as a diverging level of inequality among representative households in two neighboring nations: Mira and Drovanna. You have the following information about these nations' households for 2014 (income values in 2014 US dollar equivalencies):

Mira

Drovanna

16000

28000

11000

32000

9000

56000

18000

43000

15000

88000

126000

36000

22000

27000

31000

61000

10000

59000

12000

48000

The Brookings Institute is about to recommend one of these nations to the World Bank as a nation deserving of additional development funds due to its significant need to close its income gap, the other will be recognized for its relatively low level of income inequality.

Question 1: Provide a fully articulated Lorenz Curve Model showing each of these two nations (both on the same model). 

Question 2: What is the Gini Coefficient for Mira? (Remember to convert all percentage to decimal equivalents and to carry to the fourth decimal for high accuracy)

Question 3: What is the Gini Coefficent for Drovanna?

Reference no: EM131153786

Questions Cloud

Formulate a letter to the potential buyers : Formulate a letter to the potential buyers.- You are a real estate agent who has just shown a home to Tom and Serena Phillips, a young professional couple who seemed very interested in the property.
Goods constitute the typical market basket : Suppose a consumer buys 10 units of good X and 20 units of good Y every year. The following table lists the prices of goods X and Y in the years 2005-2007. Assume that these two goods constitute the typical market basket. Calculate the price indic..
What should we be doing about knowledge-based tension : Have you had any experience with this knowledge-based tension between staff and IT? Even if you haven't, can you see how it could be a problem? What should we be doing about it?
Calculate the change in output voltage for a 1658 change : Calculate the change in output voltage for a 1658 change in the angle of the knee. Assume that a constant current of 7 mA is supplied to the transducer.
Articulated lorenz curve model : Question 1: Provide a fully articulated Lorenz Curve Model showing each of these two nations (both on the same model).  Question 2: What is the Gini Coefficient for Mira? (Remember to convert all percentage to decimal equivalents and to carry to th..
Evaluate and present the impacts of the resources : Apply the best organizational development process skills the executives should use, Apply the change strategies within the short-term and long-term and Evaluate and present the impacts of the resources.
Comment on the different knowledge sharing tools presented : In your second posting, comment on the different knowledge sharing tools presented by your classmates and compare and contrast at least two with yours. Highlight the ability to share knowledge.
Pending issues in context of global crisis : Describe some achievements and pending issues in context of global crisis?
Decrease the gross domestic product measured : How can an increase in taxation decrease the gross domestic product measured?

Reviews

Write a Review

Macroeconomics Questions & Answers

  What typical measure was adopted to combat the potential

What typical measure was adopted to combat the potential abuse of market power by German Telekom? Why would regulation be been necessary? Why not now?

  What kind of inefficiencies likely occurred during the year

which is "In the late 18th century, the price of bread in New York City was controlled, set at a predetermined price.", and then show the shift in supply. assume that the predetermined price did not change and the demand for bread did not change.

  How much the blue book value for the cars

You are in the market for a used car. At a used car lot, you know that the blue book value for the cars you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you, how much are you willing to ..

  Receiving interest at the rate

Ellie uses the products method to check the interest on her savings account. She calculates that she is receiving interest at the rate of approximately 0.015% per day.

  Empirical consumer demand studies

Briefly explain why empirical consumer demand studies such as Patrick McCarthy's study of automobile demand are relevant to managers?

  As customers will more price sensitive also price conscious

Do you think we, as customers will be more price sensitive also price conscious. What do you think this means for luxury goods.

  Calculate both the change in government purchases of goods

In each of the following cases, either a recessionary orinflationary gap exists. Assume that the aggregate supply curveis horizontal so that the change in real GDP arising from a shiftof the aggregate demand curve equals the size of the shift of th..

  Discuss within your learning team how and why the u.s.

Discuss within your Learning Team how and why the U.S.'s deficit, surplus and debt have an effect on the following:

  Calculate the payback period for an asset

Calculate the payback period for an asset that has a first cost of $40,000, a salvage value of $8000 anytime within ten-years of its purchase, and generates income of $6000 per year.

  Short- and long-term effects of your policies

What specific economic policies would you propose to accomplish these goals? What do you believe would be the short- and long-term effects of your policies on both inflation and unemployment rates? Provide justification and examples to support you..

  Find level of production

What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit

  What is the amount of the united states net exports

Suppose foreigners spend $7 billion on U.S exports in a specific year and Americans spend $5 billion on imports from abroad in the same year, what is the amount of the United States net exports?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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