2. The Lorenz curve measures inequality in person income distribution.pdf

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2. (15 points) For the tal For the rational functions below, find all zeros, holes, vertical asymptotes, and the long-run havior. If the function does not have a vertical asymptote or hole please indicate so. (a) f(1) = Zeros: Vertical Asymptotes: Holes: Long-Run Behavior: (x+1)(x + 3) (b) f(x) =- - 4x(+ 3) Zeros: Vertical Asymptotes: Holes: Long-Run Behavior: Solution a) f(x) = ( x^2 - 9 ) / x^3 zeros are x^2 - 9 = 0 x^2 = 9 x = + - 3 zeros ( 3,0) and (-3,0) vertical asymptotes are x = 0 holes - none long run behaviour f(x) = x^2 / x^3 = 1/x so , as x tends to + - infinity f(x) will tend to 1/x b) f(x) = ( x+1)^2 ( x+3) / - 4x ( x+3) zeros are ( x+1)^2 = 0 x = -1 zero is (-1,0) vertical asymptotes are x = 0 holes are x = -3 long run behaviour f(x) = x^3 / -4x^2 f(x) = -x /4 the graph will behave like f(x) = -x/4 for larger values.

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2. The Lorenz curve measures inequality in person income distribution. What is the difference
between personal income distribution and functional income distribution? 3. What is the
difference between a proportional tax and a progressive tax? What are the problems of
progressive taxation as a means to achieve greater equality in income distribution?
Solution
Distribution - Division of economy within an economy
Personal income distribution - Division amongst individuals. It is the income share accruing to
factors of individuals. It is a microeconomic phenomenon. Frameworks have been developed by
micro-economists for exploring factors shaping the distribution of income across individuals.
Theoretical analysis is dominated by the neoclassical perspective.
Functional income distribution - Division between groups of people. Regardless of income
sources, it is the distribution of income across individuals. It is a macroeconomic issue.
Macroeconomists construct models that capture the determinants of the functional income
distribution.
Interaction can be explained by stock-flow consistent macroeconomic models. Labour, profits,
rent, interest, and, unemployment benefits are five sources of income. Gini coefficient, and,
squared coefficient of variation are the measures of inequality that capture personal income
distribution. Inequality of total income is closer to inequality of income from labour.
Declining labour income is associated with growing labour income. A percentage decrease in
labour share of income increases the Gini coefficient. Developments in the distribution of wages
are key factors in the dynamics of inequality. Some of the reasons for labour inequality are
public revenues, public health spending, labour share, economic globalization, and, public social
protection spending.
2. Proportional, and, progressive tax
Progressive tax - Higher percentage from higher income groups. For instance, income tax slabs
Proportional tax - the same percentage of tax from all income groups. For instance, sales tax. It
can be considered regressive as a larger proportion is income is taken from the incomes of those
with a lower income.
Income taxes are progressive but providing a larger exemption in the budget can lead to a higher
budget deficit. A reduction in Government spending impacts other social welfare benefits. Social
security, and, property taxes are regressive. Income taxes are progressive. This results in a
proportional system for taxpayers. The taxpayers do not gain that much from the progressive
income tax system.

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Response one PADM-05 Mortgage interest rates are expected to rise considerably in 2018. If the economy grows too fast, The Federal Reserve will have to raise interest rates faster than expected. That could make borrowing money more expensive. If that happens, the likelihood of a recession increases. Not only would this drive up interest rates, but reduce private sector investments and diminish the country's creditworthiness. When inflation is too low, it can hurt the economy. Businesses get queasy about investing in people and equipment. If prices don't rise, wages don't either. But out-of-control inflation can also be harmful. As I see it, the current fiscal path is unsustainable. The Republican tax cuts could not come at a worse time, and I think it will hasten inflation and prematurely bring a recession. The effectiveness of mortgage interest rates rising is in my opinion, is nonexistent. It is like a dog chasing its own tail. With the passage of the tax reform bill, which essentially lowered the income tax rate, the Federal Reserve raised or is raising mortgage interest rates. So, this essentially takes the money that was saved by paying lower income tax and essentially puts it toward paying the cost associated with a higher mortgage. True, not everyone owns a home. But if you plan to buy one, this will make it considerably more expensive. The efficiency of raising mortgage interest rates is has both equal value and detriment. Keeping mortgage rates low allows more people to afford housing, stimulating the economy. By raising interest rates, the cost of owning a home is more and less people purchase homes, which is a key sign of inflation. Either way, I believe the policy on raising or lowering mortgage interest rates is ethical - the entire point is to maintain a healthy, balanced economy. The equity, or measure of fairness, depends largely on who stands to gain the most. In the case of our current economy, it's without question that that the restructuring of our tax code largely benefits the ultra wealthy. Had the entire country benefited equally from the tax reforms, then it would have been more equitable. The 2018 tax reform brought little political feasibility, as both political parties were at opposite ends of the restructure. Nonetheless, a compromise was reached. There was little social acceptability or public acceptance from this policy change, and many will end up paying considerably more tax because of it. I believe the administrative feasibility caught citizens off guard. I knew little to nothing of the tax reform until it actually happened. Whatever the case, the government reluctantly came together and enacted the policy. I do not know how technical feasibility plays into all of this, but I could only assume that the Federal Reserve had considerable reservations about the policy due to the fact that inflation will likely rise and mortgage interest rates will go up just because of it. Links: https://www.express.co.uk/ ...

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Using namespace std; The expansion of a steel bridge as it heated to a final Celsius temperature, Tf, from an initial temperature T0 , can be approximated using the following formula: Increase in length= a* L*(Tf-T0). Where a is the coefficient of expansion that is for steel is 11.7e-6, L is the length of bridge at temperature T0. Using this formula, write a C++ program that displays a table of expansion length for a steel bridge that’s 7365 meters long at 0 degrees Celsius, as the temperature increases to 40 degrees in 5 degree increments. Solution #include using namespace std; float Length(int Tf) { const float a = 11.7E-6; const float L = 7365; const float To=0; return a*L*(Tf-To); } int main(int argc, char const *argv[]) { cout<<\"Intitial Temperature\\tFinal Temperature\\tIncreased Length\ \"; for (int i=1;i<=8;i++) cout<<0<<\" degrees\\t\\t\"<.

Using the Web or another research tool, search for alternative means.pdf

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Use the graph of the function f below to find the following. All local minimum values of f All values at which f has a local minimum If there is more than one answer, separate them with commas. All local minimum values of f All values at which f has a local minimum: Solution Dear student Thank you for using Chegg As per the given curve it is clear that the local minimum values of f are -3 & 0 Values of x when curve attain minimum values are x = -2,3.

Using Array Approach, Linked List approach, and Delete Byte Approach.pdf

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Trend of thinner beauty pageant winners has generated charges that the contest encourages unhealthy diet habits among young women Listed below are body indexes (BMI) for beauty pageant winners from two different time periods. Find the coefficient of variation for each of the two sets of data, then compare the coefficient of venation for the BMI\'s of beauty pageant winners from the 1920s and 1930s is % round to one decimal place as needed.) Solution Dear Student Thank you for usng Chegg !! Given Mean = (Sum of Values) / No of values Deviations = Values - Mean Variance = (Sum of square of deviations /no of deviations) Standard deviation (SD) = Square root of variance Coefficient of variation = Standard deviation / Mean BMI (B/w 1920 ~1930) Mean Deviations from mean Square (Deviations) Variance SD Coeff Of Variation BMI (From Recent Winners) Mean Deviations from mean Square (Deviations) Variance SD Coeff Of Variation 20.4 20.16 0.24 0.0576 1.9324 1.390108 0.068953765 19.5 18.76 0.74 0.5476 1.3004 1.140351 0.060786291 21.9 1.74 3.0276 20.3 1.54 2.3716 22.1 1.94 3.7636 19.5 0.74 0.5476 22.3 2.14 4.5796 20.2 1.44 2.0736 20.2 0.04 0.0016 17.8 -0.96 0.9216 18.8 -1.36 1.8496 17.9 - 0.86 0.7396 18.9 -1.26 1.5876 19.2 0.44 0.1936 19.4 -0.76 0.5776 18.9 0.14 0.0196 18.5 - 1.66 2.7556 17.6 -1.16 1.3456 19.1 -1.06 1.1236 16.7 -2.06 4.2436 Comparing the two Coefficient of variation 1920~1930 = 0.068953765 Recent = 0.060786291 Solved.

TV Guide magazine ran a cover photo for a story emphasizing Oprah Wi.pdf

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This question has been posted but the answer given on this site leaves an error when compiling \"No suitable method found for println(java.lang.String,) My question is for Java as follows. Create a program that has an array of length 100 which will automatically be filled with randomly generated numbers between 1 and 100 each time the program is run. Have the program ask the user to enter a number between 1 and 100. Check to see if that number is one of the values in the array. If it is display “We found your number XX at position YY in the array” If the number is not in the array tell the user that no match was found. The following is what I have so far, please advise what needs corrected to make this work for Java import java.util.*; import java.lang.*; import java.io.*; class Search { public static void main (String[] args) throws java.lang.Exception { int[] array; for (int i = 0; i < 100; i++) { array[i] = 1 + (int)(Math.random() * 100); } Scanner sc=new Scanner(System.in); System.out.println(\"Enter number between 1 and 100\"); int number=sc.nextInt(); for (int i = 0; i < 100; i++) { if (array[i] == number) { System.out.println(\"We found your number \" , number, \" at position \", i, \" in the array\"); } else { System.out.println(\"no match was found\"); break; } } } } Solution Hey, I got your mistake.It\'s the else part in the if-else condition. What\'s happening is that if even for the first number if the condition fails;the control is shifting to else block and as in else block you have applied break;the control is getting out of loop.So,actually the loop is continuing till the first unequal number only;but not for complete array So,I am now re-writing your code.Your idea is correct.It was just small mistake.

Tim Tassopoulos, the chief operating officer for Chick-Fll-A applies .pdf

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The Hydrolysis of the Hydrated Pb ion PboH (aq) + H200SolutionP.pdf

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1)What is the exact mathematical relationship between the width of a confidence interval and the Maximum Error of Estimate? 2)In your own words, describe the relationship between the standard error and maximum error. You may use the formulas for each in your explanation. 1)What is the exact mathematical relationship between the width of a confidence interval and the Maximum Error of Estimate? 2)In your own words, describe the relationship between the standard error and maximum error. You may use the formulas for each in your explanation. 1)What is the exact mathematical relationship between the width of a confidence interval and the Maximum Error of Estimate? 2)In your own words, describe the relationship between the standard error and maximum error. You may use the formulas for each in your explanation. Solution 1) Maximum Error of Estimate is half of width of confidence interval. Maximum Error = (1/2)*(Width of confidence interval) 2) Standard Error is equal to Standard Deviation, however, Maximum Error is equal to Standard Deviation multiplied by Z-score. Therefore, Maximum Error = z*(Standard Error).

1. CDOs are normally divided into tranches. Holders of this tranche .pdf

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