Indifference curve reduced income

Economy3.46 KB


The degree of inequality in income distribution d ela staff is represented by the Lorenz curve. If there is a country in which the distribution of income would be completely fair, the curve representing the distribution coincide with the diagonal line represents equal distribution, indicating that all groups of the population receives the same income.
5.3 The spatial distribution of income:
by the spatial distribution is shown as the wealth is spread among different geographical areas of a country.
6.The economic indicators
to meet economic and social reality of a country, in addition to analyzing the behavior of the macro described above, are often used other quantities, which inform about the situation of several variables.
6.1 The short-term indicators:
Short-term economic indicators are used to identify changes that a number of economic variables have had in a recent time period, such as the last month.
"Indicators of economic activity: industrial production, agricultural production ... Etc
-consumption: car registration, cement consumption ... Etc.
of the labor market: persons affiliated to social security, active population .. Etc
wage and price: consumer price index, wage increases ... Etc
6.2 The measurement of economic growth:
To calculate the economic growth of a state for one year compared to GDP in real terms this year over the previous year. Is considered that real GDP is best measured as nominal GDP increased production, it does not take into account the impact of higher prices on the value of goods and services.

C = private consumption
I = investment
CP = Public consumption
X = exports
M = imports
National product: C + I + CP + X - M
NNP = GNP and private consumption + government consumption + gross investment + exports - imports
Net Investment = Gross Investment - Depreciation.
GDP = C + I + CP + X - M
GDP = GNP + RED - RNF
RED = income generated by foreign residents in country
RNF = income desarrillan domestic factors outside the state.
National income (RN) = salaries and wages + rents + interest + corporate profits
Personal disposable income (RPD) = RN direct taxes social security contributions - undistributed corporate profits + net transfers received.
Income per capita national income =
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No people
Gini coefficient = A
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B
The coefficient that measures inequality is the ratio between the area of inequality (A) and the area that represents the closeness of the actual distribution to the line marking the terrible distribution (B)
Net investment = gross investment - depreciation

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