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1.Under which equivalence scale would a family of 3 (with parent 1 earning 40000 and parent 2 earning 30000) considered to have the highest income?
1.Under which equivalence scale would a family of 3 (with parent 1 earning 40000 and parent 2 earning 30000) considered to have the highest income?
A. Square Root Scale
B. Oxford or Old-OECD
C. OECD Modified
2.What is the Gini coefficient when person 1 has 49 and person 2 has 1?
A. 1.00
B. 0.00
C. 0.48
3.What is the Gini coefficient when P1 has 5, P2 has 10, and P3 has 15?
A. 0.22
B. 0.11
C. 0.33
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