In the Unites States, the Gini coefficient was .403 in 1980 and ...

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In the Unites States, the Gini coefficient was .403 in 1980 and .469 in 2010 . What information on income distribution can be derived from this data?

Question 2

Assume that A and B are two events in the sample space such that PrA/B is 2/3, PrB is 1/4, and PrA is 1/6 . Applying the Bayesian reasoning calculate the probability PrB/A.
 a. PrB/A=0
  b. PrB/A=0.75
  c. PrB/A=1
  d. PrB/A=0.5

[Qarqy]

Answer to Question 1

The closer G (Gini coefficient) is to 1 the greater the degree of income inequality. The information provided in the question indicates that the distribution of income has become less equal in the United States over the last 20-30 years.

Answer to Question 2

C