Business, 23.04.2021 17:50 brittanyrenner6657

The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this information to answer the questions. The Nation of Sorare
Citizen Income
Teddy $2,000
Kermit $50,000
Franklin $63,500
Anna $1,500
Eleanor $2,000
Edith $1,000

The Nation of Melka
Citizen Income
Etta $20,000
Duke $21,000
Louis $20,000
Billie $20,300
Cole $19,000
Zora $19,700

Based on the information here, which nation would you expect to have the higher Gini coefficient?

a. They would have the same Gini coefficient.
b. Melka
c. Sorare

Generally, what does the Gini coefficient measure?

a. It is a measure of how equal or unequal an income distribution is.
b. It shows the disparity in income between men and women.
c. It is a measure of the average income of the citizens of a nation.
d. It is a measure of the percentage of income that the richest 1% in a country earns.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:20

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Answers: 2

Answer

Business, 22.06.2019 20:00

After testing its water, a city water department issues a report to the related citizens, noting what chemicals have been identified, their doses, and the estimated risks of exposure at these levels. this report represents a type of

Answers: 1

Answer

Business, 23.06.2019 05:10

Explain the chemical change the causes corrosion

Answers: 1

Answer

Business, 23.06.2019 09:50

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066

Answers: 3

Answer

You know the right answer?

The tables show the annual incomes for the citizens in two countries, Melka and Sorare. Use this inf...

Questions