The Gini coefficient is really a point estimate of equality at a ...

[piesebel]

The Gini coefficient is really a point estimate of equality at a certain time period. Why is this a limiting factor when it comes to examining issues of equality over a lifetime?
 
  What will be an ideal response?

Question 2

Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 24 pizzas and 30 calzones would appear
 
  A) along Tomaso's production possibilities frontier.
  B) inside Tomaso's production possibilities frontier.
  C) outside Tomaso's production possibilities frontier.
  D) at the horizontal intercept of Tomaso's production possibilities frontier.

[chevyboi1976]

Answer to Question 1

Typically, increases in the proportion of young or old members of a society will drive apparent changes in equality. Because of this, factors such as age distribution within a population and mobility within income classes can create the appearance of difference in equality when none exist taking into account demographic effects.

Answer to Question 2

A

[piesebel]

YES! Correct, THANKS for helping me on my review

[aliotak]

TYSM