Answer to Question #285734 in Economics for Disha

Question

Choose the best answer to each question.

 

21. Estimated Gini coefficients from actual international data typically lie between (  A ) for countries of highly unequal income distributions, and for countries with relatively equal distributions, they lie between (  B  ).

(a) A= 0.50-0.70, B = 0.20-0.35    (b) A= 0.80-1.00, B = 0.50-0.70

(c) A= 0.20-0.35, B = 0.35-0.50    (d) A= 0.40-0.60, B = 0.60-0.80

 

22. Which of the following is false regarding measures of income distribution? 

(a) Factor share distribution of income offers no information about how income is distributed among individuals.

(b) Measures of size distribution of income, such as the Gini coefficient, is not affected by the size of population.

(c) If Gini coefficient is 0.3, income distribution is considered highly unequal.    

(d) For developing countries, income growth based on Ahluwalla-Chenery 

 welfare index will be generally lower than GNI growth rate.         

 

Answer 1

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