Poverty Rates, Depth and Severity
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Use the following information about 2 countries, Northland and Southland, each with a population of 10 people and each with a poverty threshold of $18,000 ($18K) per person. Show your work for all questions.
(SEE ATTACHED).
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Solution Summary
Poverty rates, depth and severity are determined in the solution. The auxuliary calculations of the Gini coefficient are provided.
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