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Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3.
Based on following information
1) What is the level of absolute poverty in this economy? what policy (only one) would you adopt to mitigate this poverty?
2) Suppose rural incomes are raised to 1.5 though expanded agricultural expects. what will happen to the Gini coefficient of this economy? Why?
Liam O'Kelly is 20 years old and is thinking about buying a term life insurance policy with his wife as the beneficiary. The quoted annual premium for Liam is $8.44 per thousand dollars of insurance coverage. Because Lia, wants a $110,000 policy (whi..
Develop an online service for IT training that includes scheduled as well as self-paced courses. The training service will be initially web-based but the architecture must have the option that different front-ends like applets, web services, or ot..
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
Explain the process of how that movement occurred using behaviors of consumers and suppliers. Graph the movement between the two points as well.
Increase or decrease in the money supply increase the price level to the tolerable range
The remaining ten men are also farmers but they produce coconuts without shovels. Each such farmer can produce 50 coconuts per year.
What must it be? Can you think of any way of justifying such a value for this parameter? How else might you explain the large difference in income between Richland and Poorland?
In order to just break even, Elucidate how much will the company have to charge for every set.
The Bank of England has switched from interest rate cuts to "quantitative easing" This policy involves buying bonds from commercial banks in the hope that these institutions will again lend in vast quantities to businesses and individuals after sitti..
q.briefly explicate what means by the market is a commons. in your brief essay create sure you cover each of following
Illustrate what is worth analysis and Illustrate what things and conditions are to be kept when doing worth analysis of products and or construction work. Illustrate what are advantages of utilizing yearly worth analysis.
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output?
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