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(a) Suppose that your professor asks you to compare China and India based on income inequality. Which measure would you use and explain how
(a) Suppose that your professor asks you to compare China and India based on income inequality. Which measure would you use and explain how would you determine which country is doing better based on the chosen measure? (b) Suppose that your professor asks you to compare China and India based on economic development. Which measure would you use and explain how would you determine which country is doing better based on the chosen measure? (c) Suppose that your professor asks you to compare China and India based on poverty. Which measure would you use and explain how would you determine which country is doing better based on the chosen measure? (d) Suppose that your professor asks you to compare China and India based on economic growth. Which measure would you use and explain how would you determine which country is doing better based on the chosen measure? (e) What theory of economic development do you find most interesting? Explain.
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a When comparing China and India based on income inequality a commonly used measure is the Gini coefficient The Gini coefficient measures the extent of income inequality within a country with values r...Get Instant Access to Expert-Tailored Solutions
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