What is the Gini coefficient for the country

Assignment Help Business Economics

Reference no: EM13982088

Suppose 40 percent of a population all receive an equal share of p percent of the nation’s income, where 50 ≤ p ≤ 100. The remaining 60 percent of population also shares the rest of the income equally.

(a) For any such p, what is the Gini coefficient for the country?

(b) For any such p, what is the 90 – 10 wage gap and 50-10 wage gap?

Reference no: EM13982088

Questions Cloud

Documenting monetary policy in action in action : During the recession of 2008-2009, and even after the recession ended, we saw the use of many monetary policy tools to stimulate the economy. Please find one article from an established source (newspapers, respected magazines, and so on), documenting..

Determine the-efield at a point : A finite line extends fromz= -10 m toz= 10 m and carries a charge distribution of 100znC/m. Determine the-Efield at a point 2 meters away from the line in thez= 0 plane.

What is war driving or war flying : Are you more at risk using a wireless connection via laptop or a connection via a smart phone?

Describe your leadership style : Those are questions for the director position at my local public service program. Describe your leadership style? How do you see yourself living into the value of social Justice and equity

What is the Gini coefficient for the country : Suppose 40 percent of a population all receive an equal share of p percent of the nation’s income, where 50 ≤ p ≤ 100. The remaining 60 percent of population also shares the rest of the income equally. For any such p, what is the Gini coefficient for..

Calculate the concentration remaining unabsorbed by surface : The dilute absorbed COz undergoes a first order reaction, k= 35 s-1 and Dae =1.5 x10-em2/s. The solubility of COz is 2.961 *10-7 kgmol/m3.Pa. The surface is exposed to the gas for0.01s. Calculate the concentration remaining unabsorbed by the surfa..

How many school districts are there in your sample : How many school districts are there in your sample? How many schools are there in the district with the largest number of schools? How many schools are there in the district with the smallest number of schools?

What is minimum constant acceleration driver must undergo : If the driver of the car slams on the brakes, what is the minimum constant acceleration he must undergo to stop short of the moose and avert an accident?

Tax consequences to sean : What are the tax consequences to Sean and the XYZ Partnership if Sean receives only a 20% profits interest with no determinable FMV?

User Account

All Pages