DSE 2012 Question 36: Poverty, inequality and human development
An econometrician uses data from the Consumer Expenditure Survey conducted by the National Sample Survey Organization for the years 1991 and 2001 and plots the cumulative distribution function for real consumer expenditure per capita for these years. He finds that cumulative distribution function for 2001 is everywhere to the right of that for 1991. Consider the following, Conclusion 1: The Gini coefficient for 2001 is higher than for 1991. Conclusion 2: Consumption expenditure of every individual has increased in 2001 compared to 1991. Conclusion 3: Real consumption expenditure per capita has increased in 2001 compared to 1991. Which of the above conclusions are correct
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An econometrician uses data from the Consumer Expenditure Survey conducted by the National Sample Survey Organization for the years 1991 and 2001 and plots the cumulative distribution function for real consumer expenditure per capita for these years. He finds that cumulative distribution function for 2001 is everywhere to the right of that for 1991. Consider the following, Conclusion 1: The Gini coefficient for 2001 is higher than for 1991. Conclusion 2: Consumption expenditure of every individual has increased in 2001 compared to 1991. Conclusion 3: Real consumption expenditure per capita has increased in 2001 compared to 1991. Which of the above conclusions are correct (A) Only (iii) is correct (B) (i) and (iii) are correct (C) (ii) and (iii) are correct (D) None of the conclusions is correct
Poverty, inequality and human development has come up 92 times in 7 exams since 2010.
What this question tests
This question is on Axioms and properties of inequality and poverty measures, part of Poverty, inequality and human development in Economics of Growth and Development.
The properties a good inequality or poverty measure should satisfy.
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