I need help on this this is 22 points I need help on question 7&8

rusak2 [61]

Answer:

A. (a, the area between the diagonal line and the lorenz curve divided by the total area below the diagonal line)

B. (a, a perfectly unequal income distribution will have a Gini ration of 1.)

C. (a, more equal)

Explanation:

A. Gini ratio can be defined as the statistical determination of the wealth and income distribution among a country's populace.

It can also be called Gini coefficient or Gini index, and it is a measure of the inequality in income and wealth distribution.

The Gini ration is calculated by finding the difference between the Lorenz curve and the uniform distribution line, then divided by the total area under the uniform distribution line. A Gini ration of <0.2 is the perfect income equality.

B. Gini ratio cannot exceed 1 because a perfectly unequal income distribution will have a Gini ratio of 1. This means that the line of equality does not move irrespective of whether or not the Lorenz curve changes.

C. If the Gini ratio declines from 0.42 to 0.35, then that means that income has become more equal. Note that a Gini ratio of <0.2 signifies a perfect income distribution, slightly greater than 0.2 to ).35 signifies that income distribution is close to equality.

Cheers.

3 0

3 years ago

Suppose that we have the following information concerning the government's finances and the macroeconomy for a given year: Gover

tresset_1 [31]

Answer: $300 billion

Explanation:

The real deficit that a Government has is one that has been adjusted for inflationary effects. It is calculated by subtracting the inflation rate times the total debt from the nominal deficit.

= Nominal deficit - (Inflation rate * Total debt)

= 1.5 trillion - ( 10% * 12 trillion)

= 1.5 trillion - 1.2 trillion

= $300 billion

3 0

3 years ago

Ben bought a desk for $249.99. the sales tax rate was 6.25%. how much did ben pay for the desk? round your answer to the nearest

Lemur [1.5K]

Ben paid the value of the item + sales tax
Sales tax = 6.25% of worth of item.
Sales tax = (6.25/100) * 249.99 = $15.62.
Hence Ben paid $249.99 + $15.62 = $265.61
To the nearest cent he paid $265.60

3 0

3 years ago

ompare the cost of the following leasing agreement with the finance charge on a loan for the same time period: The value of the

kow [346]

Answer:

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

Explanation:

a). Finance charge on the loan

Step 1: Determine the depreciation cost

The depreciation cost can be determine using the expression below;

Depreciation cost=Purchase value-salvage value

where;

Purchase value=$15,000

salvage value=$4,000

replacing;

Depreciation cost=15,000-4,000=$11,000

The total finance charge=$11,000

b). Cost of leasing agreement

Step 2: Determine cost of leasing agreement

Cost of leasing agreement=down payment+monthly payment+acquisition fee

where;

down payment=$500

monthly payment=$315

total monthly payment for 3 years=315×12×3=$11,340

acquisition fee=$300

disposition charge=$150

replacing;

cost of leasing agreement=500+11,340+300+150=$12,290

cost of leasing agreement=$12,290

The cost of lease agreement ($12,290) is greater than the total finance charge ($11,000)

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

8 0

3 years ago

The nato nations have agreed that in the case of an attack against a member nation??

monitta

All other member nations will help defend it

4 0

3 years ago

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