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    alexchan23's Avatar
    alexchan23 Posts: 1, Reputation: 1
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    #1

    Oct 14, 2015, 06:15 PM
    Macroeconomics help!
    How to do this question?
    1) Suppose incomes in Country A (0,0,0,10) incomes in Country B are (1,2,3,4) incomes in Country C are (2.5,2.5,2.5,2.5). Country _________________ will Lorenz dominate the other two, while country ________________ will have a higher Gini coefficient than the other two.

    2) If 1 CAD = 0.80 USD, and 1 USD = 0.50 EUR, then we can conclude that:
    a. 1 CAD= 1.30 EUR
    b. 1 CAD= 0.40 EUR
    c. 1 EUR= 0.25 CAD
    d. 1 EUR= 1.30 CAD

    How do you suppose to approach these questions?
    smoothy's Avatar
    smoothy Posts: 25,492, Reputation: 2853
    Uber Member
    		  
    #2

    Oct 14, 2015, 06:19 PM
    2) you view as percentages. Do simple math and you have your answer.
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