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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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