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Internationally, Gini coefficient is a measure of income inequity. It is between zero and one.
(a) Please use your language or graphs to show how to measure Gini Coefficient?
(b) After a study about the income bracket in the US, you found the household real income of middle class, e.g. $50,000 to $99,000 has been decreasing in the percentage of total population in the past 20 years. But the share of high-income ($100,000 and above) has increasing over time. How this change would affect the US Gini coefficient? Please present details of your answer.
A software package created by Navarro & Associates can be usedfor analyzing and designing three-sided guyed towers and three- andfour-sided self-supporting towers. A single-user licence willcost 546 per year.
Find the equilibrium price and quanitity. If the curent pice of te product is $100, what is the quantity supplied and the quantity demanded? How would you describe this situation, and what would you expect to happen in the market?
Assume the marketplace for milk. For each of the following events, state whether it affects supply or demand (or both, or neither), which direction supply/demand shifts.
Calculate the effect on the Canadian dollar of a decline in Canadian interest rates to 3% assuming that interest parity holds and Derive expressions for the IS and LM curves in this economy, in each case with the world real interest (rw) on the left..
The owner of the Los Angeles Dodgers has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 22 - 0.2Q-How much revenue does the owner make at the current price?
Draw an arbitrary budget constraint for a person assuming that he or she receives no workers' compensation - Analyze the difference in the labor supply incentive effects of these two programs.
Recently there has been discussion in the news about taxing junk food, in an effort to reduce the incidence of obesity in the U.S.
The 2009 World Development Report provides the following information for Colombia and Thailand. Explain carefully what each of the entries in the four columns of this table measures. Do these measures capture important dimensions of poverty?
Elucidate marginal utility explains a lot about human behaviour.
Take a position on whether the banking industry needs more or less government regulation. Support your position with two (2) examples of the impact of regulation.
Explain what would happen in the market for chicken if the price of beef suddenly increased and remained high. Use supply and demand analysis in your answer and consider the elasticity of demand and the cross-price elasticity of demand.
Your company manufactures controllers used in the production of commercial air conditioning units and currently selling them at $50 each. Marginal costs are $30 for production up to 10,000 units per month.
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