Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. Objective: 1) to secure income distribution statistics for a country, 2) for two periods of time, 3) at least 10 years apart, 4) create

A. Objective: 1) to secure income distribution statistics for a country, 2) for two periods of time, 3) at least 10 years apart, 4) create Lorenz. Curves of the statistics, 5) calculate (secure) the Gini Coefficient for each period, 6) Explain in words a brief analysis of what the data/graphs show. B. Other: 1) each student will choose a country, 2) only one country, per student, per class. 3) It would be best if you pick a country from Campano's Table 4, 4) If Campano lists more than one year for a country, you may only use one year's statistics, 5) again, no student will be allowed to pick the same country as another student, 6) you are free to change your country with faculty approval.

Numbers

Year 1975, 4.30, 5.50, 6.40, 7.20, 8.20, 9.30, 10.70, 12.30, 14.90, 21.02. Y/P 2586

Year 1985. 4.22, 5.86, 6.80, 7.68, 8.57, 9.56, 10.63, 12.01, 14.05, 20.62. Y/P 3199.

image text in transcribed
As discussed in class, the overall level of a country's Gross Domestic Product (GDP) is supposed to represent the economic well being of that country. However, many observers feel that GDP is THE indicator as opposed to AN indicator. In order to more fully understand the GDP, we discussed the distribution of real per capita GDP within countries. To this end, we looked at the work of Fred Campano who was the Economics Officer at the United Nations and later a Professor at Fordham University. 11 Assignment A. Objective: 1) to secure income distribution statistics for a country, 2) for two periods of time, 3) at least 10 years apart, 4) create Lorenz. Curves of the statistics, 5) calculate (secure) the Gini Coefficient for each period, 6) write a brief analysis of what the data/graphs show. B. Other: 1) each student will choose a country, 2) only one country, per student, per class. 3) it would be best if you pick a country from Campano's Table 4, 4) If Campano lists more that one year for a country, you may only use one year's statistics, 5) again, no student will be allowed to pick the same country as another student, 6) you are free to change your country with faculty approval

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behavior And Management

Authors: John Ivancevich, Michael Matteson

6th Edition

0072436387, 978-0072436389

More Books

Students also viewed these Economics questions

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago