Ok, thanks Ron!
Do you know how to do 40, 41?
40. Countries A and B have the same levels of income inequality according to Gini ratio. What does this imply about the share of total income accruing to the bottom 50 percent of the population in these two counties?
(a) The share will be same in both the countries
(b) The share will be same and equal to 50 percent for both the countries
(c) It cannot be determined without additional information
(d) The share is larger for the larger country
Is it (a)??
41. In the period 2005 to 2OlO, country X experienced 25 percent growth in income and 5 percent reduction in income poverty. In the same period, country Y experienced 20% growth in income and 4 percent reduction in income poverty. In which country was growth more efficient in reducing poverty?
(a) Country X
(b) Country Y
(c) It was equally efficient in both the countries
(d) Cannot be determined
“Operator! Give me the number for 911!”