Question
In: Economics
On a separate sheet of paper, draw a Lorenz Curve for the United States, using the...
On a separate sheet of paper, draw a Lorenz Curve for the United States, using the 2017 values for income quintiles. Label each kink point carefully, and draw the diagonal equality Lorenz Curve. Calculate the Gini Coefficient, and show your work. This is a long and tedious math problem, where you find the areas of triangles, rectangles and trapezoids over and over to get the areas needed for the formula.
2017: Shares of aggregate income
|
Quintile |
Share of income |
Cumulative share of income |
|
1st |
0.031 |
0.031 |
|
2nd |
0.082 |
0.113 |
|
3rd |
0.143 |
0.256 |
|
4th |
0.230 |
0.486 |
|
5th |
0.514 |
1 |
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
Draw a Lorenz curve diagram representing the cumulative share of income as a function of the...
Draw a Lorenz curve diagram representing the cumulative share of
income as a function of the cumulative share of the population from
the lowest to the highest individual income level. Explain how
economic inequality using the Gini coefficient can be illustrated
using this diagram. What would you expect the impact on inequality
of the decrease in productivity to be? Illustrate using the Lorenz
curve and explain.
On a separate sheet of paper. Using a figure describing both the U.S. money market and...
On a separate sheet of paper. Using a figure describing both the
U.S. money market and the foreign exchange market, analyze the
effects of a temporary increase in the European money supply on the
dollar /euro exchange rate.
Draw the Lorenz curve and explain what the gini coefficient and robinhood index are. Explain differences...
Draw the Lorenz curve and explain what the gini coefficient and
robinhood index are. Explain differences between the two, and how
it is an effective index. Thoroughly explain each index. Also
discuss the Lorenz curve and its relation to the gini cofficient
index and the robinhood index.
What is a Lorenz curve? don’t draw , please describe the picture inwords! labeling the axes.
What is a Lorenz curve? don’t draw , please describe the picture
inwords! labeling the axes.
(a) On a separate sheet of paper, sketch the parameterized curve x=tcost, y=tsint for 0≤t≤4π. Use...
(a)
On a separate sheet of paper, sketch the parameterized curve
x=tcost,
y=tsint for 0≤t≤4π. Use your graph to
complete the following statement:
At t=6t=6, a particle moving along the curve in the
direction of increasing t is moving _________ and _____________
(b) By calculating the position at t=6 and
t=6.01, estimate the speed at t=6.
speed ≈___________
(c) Use derivatives to calculate the speed at
t=6 and compare your answer to part (b).
speed ≈___________
Get a sheet of paper and draw a horizontal optical axis. Next, draw a vertical line...
Get a sheet of paper and draw a horizontal optical axis. Next,
draw a vertical line near the center of the optical axis to
represent your lens, then measure out and draw the focal points.
Assume the focal length to be 2cm. Pick an object point 6cm away
from the lens on the top left-hand side of the paper. Draw the
three simple case rays – parallel, through the center of the lens,
and through the focal point – and...
On a separate sheet of paper, number from 1 to 18. For the 18 spying activities...
On a separate sheet of paper, number from 1 to 18. For the 18
spying activities listed as follows, indicate wheter or not you
believe the activity is ethical or unethical AND
legal or illegal. Place either an E for ethical or U for unethical,
and either an L for legal or an I for illegal for each activity.
Compare your answers to those of your classmates and discuss any
differences.
1. Buying competitor's garbage
2. Dissecting competitor's products
?3....
ESSAY. Write your answer in the space provided or on a separate sheet of paper. 12)...
ESSAY. Write your answer in the space provided or on a
separate sheet of paper.
12) Nashville Records Company uses the indirect method to
prepare its statement of cash flows. Refer to the following
sections of the comparative balance sheet:
Nashville Records Company
Comparative Balance Sheet
December 31, 2018 and 2017
2018
2017 Increase (Decrease)
Accounts
Payable
$
6,000
$
9,000
$(3,000)
Accrued
Liabilities
3,000
1,500
1,500
Long-term Notes
Payable
126,000
135,000
(9,000)
Total
Liabilities ...
Given the following sample observations, draw a scatter diagram on a separate piece of paper. X:...
Given the following sample observations, draw a scatter
diagram on a separate piece of paper.
X:
−9
−14
13
1
16
Y:
51
243
159
4
338
Compute the correlation coefficient. (Round your answer
to 3 decimal places.)
Try squaring the x variable and then determine
the correlation coefficient. (Round your answer to 3 decimal
places.)
Given the following sample observations, draw a scatter diagram on a separate piece of paper. X:...
Given the following sample observations, draw a scatter diagram
on a separate piece of paper.
X:
−7
−16
13
3
16
Y:
54
241
157
1
342
Click here for the Excel Data File
Compute the correlation coefficient. (Round your answer
to 3 decimal places.)
Does the relationship between the variables appear to be
linear?
Yes
No
Try squaring the x variable and then determine the
correlation coefficient. (Round your answer to 3 decimal
places.)
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