Coefficient of determination

When perusing the CIA’s world fact-book distribution of family income gini index, 2 countries stood out; Australia and Denmark. These 3 counties are all developed, so theoretically inequalities are more systemic than due to the process of development, and all three have global interests, so gross domestic product, or GDP, can be meaningfully compared to measure output. While some markers are hard to directly compare, each countries ladder of opportunities, social welfare programs and taxations…

Introduction Crime is an activity that degenerates the economic level of the country and, therefore, crime reduction is high on the public agenda. According to a recent research, the United States itself loses between $300 billion and over $1 trillion each year due to criminal activities (Anderson , 2006). Despite the measures that have been put in place to combat the vice, not much have been achieved, and the level of crime is still soaring higher. It is, therefore, important to first…

taxation and government benefits attempts to push the curve inward. Lorenz curve measures income equality distribution. The Gini coefficient measures the area between the 45-degree line and the Lorenz Curve divided by the entire area between the 45-degree line, where 0 equals absolute even distribution of income/equality. With that said: 1. Table 4.2 shows that Gini coefficient has increased from .349 in 1970 to .469 in 2005, indicating that income inequality in the has been a. increasing in…

Is the popular saying “the rich get richer and the poor get poorer” really true? In the America, also known as the land of opportunity, there are infinite ways for a person to become successful. Here, you can come into this world into poverty and leave with riches and vise versa. In America, people of any status have the same opportunities to make it big and live a life that has been always been dreamt of. This is what we are forced to believe and convince ourselves in order to keep society in…

Economic growth is the change of national income usually measured by real GDP(gross domestic product). Economic growth rates have fluctuated over the years and closely been related to economic construction and expansion regarding employment, inflation. Especially, sustainable, high economic growth is one of main objective pursued by most of governments. There is global hot issue associated with economic growth. Recently, China recorded 6.8% of GDP which is lowest figure since 2009 and has…

The concept of genocide when discussed on the global landscape is highly scrutinized because it depicts heinous crimes on humankind and it typically reflects a country’s inability to grow their GDP, lower the poverty line or decrease the Gini coefficient. The notion that Bangladesh has been able to overcome adversity and increase their overall GDP and citizen well-being is astounding in the short…

Hey Mom, I know you’re dying to know how my semester is going so I thought I’d share with you some of the assignments I’ve been working on. I just finished my first chemistry lab project involving drugs! Yes, drugs, but not the ones you’re thinking about. We worked with Sulfanilamide, Phenacetin, Acetaminophen, and your favorite, Caffeine. The goal for the experiment was to determine where the drugs may reside according to their properties. We learned that there are parts in the cell that are…

1.3 billion, 1.2 billion, 186 million. The respective populations of China, Qin Zhang’s country, India, Abdul Hussein’s country and Nigeria, my country. China has a Gross Domestic Product (GDP) output of $19.7 trillion and India has a GDP output of $7.9 trillion . These numbers indicate that these two countries have the strongest economies in Asia while Nigeria with a GDP output of $1 trillion holds the title of the strongest economy from the African continent. This zoomed out view allows us…

health(Mcgrail et al., 2009, pg.1856). This index ranges from -0.03 and 1 an is determined by a test that asks the individuals a series of questions that covers many fields of human life(Mcgrail et al., 2009, pg.1856). The study also used the Gini coefficient for general health measurement of the population in question. One of the main results the study found is that the Unites states had a lower average health then Canada did. The United States had a Human Utility Index score of 0.881 while…

Cuba, on the other hand, is a communist dictatorship. The Castro brothers took power in 1959, and implemented a communist regime. Throughout the beginning of the regime, Cuba was supported economically by the Soviet union, which enabled them to prosper (Prieto). Since Fidel Castro’s death on November 25th, many people have been both celebrating his death while examining the brutality of the regime and reflecting on the good that it has done for social programs. Dom Phillips and Joshua Partlow of…