--%>

Estimate Gini index

Computing the proportion of the area above a Lorenz curve although below the 45-degree reference line relative to the whole area below the reference line yields a numeric measure of inequality termed as a/an: (w) Gini index. (x) inequality coefficient. (y) distribution index. (z) Engel coefficient.

Can someone explain/help me with best solution about problem of Economics...

   Related Questions in Microeconomics

  • Q : Labor Unions Strikes-Picket Lines I

    I have a problem in economics on Labor Unions Strikes-Picket Lines. Please help me in the following question. The striking workers who parade in front of the firm’s facilities carrying signs influence potential customers to boycott the firm&rsqu

  • Q : Burden of tax decrement The burden of

    The burden of an excise (i.e., per unit) tax would reduce solely upon consumers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Substantial market power Any firm which

    Any firm which has substantial market power that: (i) confronts a perfectly elastic demand curve. (ii) can sell as much as this wants at the price that chooses. (iii) strongly affects the price of its output. (iv) is one of several firms in an industr

  • Q : Supply of labor at different wage rates

    The time people are willing and capable to work at different wage rates throughout a given period is termed as the: (1) supply of labor. (2) labor force participation rate. (3) marginal product of labor. (4) labor theory of value.

    Q : Determinants of Demand-Change in price

    Can someone help me in finding out the right answer from the given options. Demand curve for the DVD players would not be shifted by the change in price of: (1) Downloaded music. (2) CD players. (3) Compact disks. (4) DVD players.

  • Q : Minor economic inefficiencies The minor

    The minor economic inefficiencies which monopolistically competitive firms may cause are as: (w) because of their inability to ever price discriminate. (x) a price which consumers pay for a greater range of slightly differentiated goods. (y) reflected

  • Q : Income elasticity of inferior goods

    Negative income elasticities of demand entail those goods are: (1) luxuries. (2) necessities. (3) inferior. (4) substitutes. (5) expensive. Can anybody suggest me the proper explanation for given problem regarding

  • Q : Where is demand perfectly price

    For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above.

    Q : Essay why is marginal revenue

    why is marginal revenue product=marginal resource cost a formula for profit maximization?

  • Q : Constant price elasticities in

    Perfectly inelastic demand curves include constant price elasticities equivalent to zero as well as: (i) cannot exist within the real world across the full range of possible prices. (ii) happen more often than any other type. (iii) are horizontal line