Income Distribution

Question 1

Lorenz Curve, Diagonal = ? income inequality

Answer 1

0

Question 2

Lorenz Curve, Border = ? income inequality

Answer 2

max

Question 3

Gini Coefficient Forumla

Answer 3

A/(A+B)

Question 4

High Gini + Low Income

Answer 4

Southern States

Question 5

High Gini + High Income

Answer 5

CT, NJ, MA

Question 6

low Gini + Low Income

Answer 6

Montana

Question 7

Low Gini + High Income

Answer 7

Alaska, Hawaii, Utah

Question 8

Races and Gini, ?>?>?

Answer 8

African Americans > Hispanics > Whites

Question 9

High Gini + LDC

Answer 9

Latian American & some African Contries
South Africa
China

Question 10

High Gini + IAC

Answer 10

U.S
Hong Kong
Singapore

Question 11

Low Gini + LDC

Answer 11

Ex-communist state(eastern euopean states)
Ethopea
Czech Republic

Question 12

Low Gini + IAC

Answer 12

Scandinavian Conties(sweden, scandanavia, germany, denmark)

Question 13

Poverty Line formula

Answer 13

Cost of minimal diet * 3

Question 14

Cast Transfer Programs

Answer 14

S.S
EITC(negative tax)
U.C (50% for 26 weeks)
TANF(60 months of $$)

Question 15

In-kind Transfer Programs problem?

Answer 15

MORAL HAZARD PROBLEM

Question 16

In-kind Transfer Programs list?

Answer 16

Medicare
Medicaid
Food Stamps
Housing Assistance

Question 17

In-Kind Transfer Program Negatives

Answer 17

Work Disincentives
Inefficiency
Inequality

Question 18

Efficiency vs Equality graph?

Answer 18

Concave like PPC

Question 19

Efficiency vs Equality outward shift

Answer 19

Equally rich

Question 20

Efficiency vs Equality inward shift

Answer 20

equally poor

Question 21

A little bit income inequality is ?

Answer 21

good

Question 22

Too much income inequality is

Answer 22

bad