Todaro & Smith – Economic Development 12th edition

Todaro & Smith – Economic Development 12th edition

Problem set – Chapter 5

1. The forthcoming proceeds dispensation postulates are for Brazil.

Quintile Percent Share

Lowest 20% 3.0%

Second quintile 6.9%

Third quintile 11.8%

Fourth quintile 19.6%

Highest 20% 58.7%

Highest 10% 43.0%

(a) Carefully graph the Lorenz incurvation, labeling the axes.

(b) Explain how to furnish the Gini coefficient, graphically.

(c) Brazil’s notorious proceeds is about $300 billion. What is the near dollar proceeds of the ground 20%? Ground 40%?

(d) Brazil’s population is nearly 150 darling. Suppose that  each household makes the middle proceeds for its quintile. What is the  level of destitution if the destitution cord is $400 per capita?

(e) Suppose one percent of notorious proceeds were infections from the  richest 20% of households to the poorest 20% of households. Show the  effect on not-absolute disparity. Under the corresponding exchange, what is the  effect on destitution?

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