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Author Question: Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. ... (Read 223 times)

Jipu 123

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Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. Which of the following statements is true?
 
  A) Income distribution is changing faster in the United States.
  B) The distribution of income is more equal in the United States.
  C) Without information on population, it is not possible to compare income distribution between countries.
  D) The distribution of income is more equal in the Sweden.

Question 2

If the marginal propensity to save is 0.4, then a 2 million increase in disposable income will
 
  A) increase consumption by 5 million. B) decrease consumption by 1.2 million.
  C) increase consumption by 1.2 million. D) decrease consumption by 5 million.


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reelove4eva

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Jipu 123

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


upturnedfurball

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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