Author Question: Both Amy and Tom are trained as nurses. Amy makes $35,000 a year working as a nurse in an emergency ... (Read 60 times)

ec501234 · **on:** Apr 19, 2019

Question 1

A Gini coefficient of one means that

◦ income is distributed equally.
◦ one family has all the income and everyone else has nothing.
◦ all the income is received by the top 20% of families.
◦ the income is split equally between the top 20% and the rest of the distribution.

Question 2

Both Amy and Tom are trained as nurses. Amy makes $35,000 a year working as a nurse in an emergency room in a New York City hospital. Tom makes $20,000 working as a community health nurse in New York City. Which of the following is
true?

◦ Tom is clearly worse off than Amy, because he earns $15,000 a year less.
◦ Tom must be better off than Amy if he is willing to take a job at $15,000 a year less than Amy.
◦ From this information it cannot be determined who is better off because income is an imperfect measure of well-being.
◦ Even though income is an imperfect measure of well-being, Amy and Tom must be equally well off because either is free to switch jobs.

Cnarkel · **Reply #1 on:** Apr 19, 2019

A FREE account is required to view all solutions!

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 32% of students answer this correctly