Asynchronous 1 homeworks of the PDF

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homework of the year we have done hope it...

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Israel

USA

Greece

Japan

Netherlands

1980 Decile 10= 15.026 Decile 1= 1.583 (9.45) Decile 10= 37.949 Decile 1= 3.392 (11.18) Decile 10= 14.657 Decile 1= 1.788 (8.19) Decile 10= 18.980 Decile 1= 3.270 (5.8) Decile 10= 25.741 Decile 1= 3.312 (7.77)

2014 Decile 10= 31339 Decile 1= 1666 (18.81) Decile 10= 60418 Decile 1= 3778 (15.99) Decile 10= 17604 Decile 1= 1181 (14.9) Decile 10= 33102 Decile 1= 4194 (7.89) Decile 10= 38186 Decile 1= 5439 (7.02)

Income inequality Increased

Increased

Increased

Increased

decreased

i)

ii)

China

Tanzania

Indonesia

Pakistán

vietnam

1980 10= 520 1= 79 (6.58) 10= 1680 1= 56 (30) 10= 1557 1= 71 (21.92) 10= 1648 1= 164 (10.04) 10= 2087 1= 90 (23.18)

2014 10= 18689 1= 448 (41.71) 10= 4466 1= 94 (47.51) 10= 7963 1= 281 (28.33) 10= 3710 1= 225 (16.48) 10= 11968 1= 374 (32)

Increased

Increased

Increased

Increased

increased

If we compare the countries with higher income with the countries with lower income, lower income countries present more inequality than the countries with higher income, because even though the richer countries also present income inequality comparing the different years, the poorest countries, present inequality at a higher scale due to the increased growth over the time.

iii)

iv)

v)

SPAIN 2018: decile 10= 14332, decile 1= 1483. 14332/1484= 9.65 2014: decile 10= 28347, decile 1= 1957. 28347/1957= 14.48 In Spain, from 1980, y to 2014, income has increased, specially in the highest decile. Income inequality has also increased similarly with the richest countries (as we can see in the first table) I choose to compare Switzerland with Burundi. Switzerland, in 1980, at its lowest decile, presented an income of 5546, and in 2014, of 6689. On the other hand, Burundi, in 1980, at its highest decile, presented an income of 1326, and in 2014, of 1630. We can conclude that there is a high-income inequality, because Switzerland has a much higher income at its lowest decile, than Burundi at its highest. A country that surprised me was China, since in it’s a country that has increased its income exponentially, being in 1980 the highest decile 520$ and, in 2014, 18.689$.

4)

i)

ii)

I believe that it is totally unfair that the Italian scientists were condemned, and therefore it would also be unfair to condemn the economists who failed to forecast the 2008 recession. Forecasting, depends on an exogenous variable which means, that these are variables whose cause is external to the model and whose role is to explain outcomes or other variables. So, failing to predict a phenomenon (like an earthquake or a crisis), is not a reason to sentence anyone, as it can be due to applying the wrong data or the exogenous variable. As said before, when an economic model makes an incorrect forecast, it can be due to applying the wrong data, or other external factors, and this doesn’t mean that the model is wrong,...