2/21 125, 12:35 PM CP2.5 Class Participation Quiz for Unit 5: Online SP25 ECON 2105 Principles of Macroeconomics
CP2.5 Class Participation Quiz for Unit 5
Due No due date
Points 10
Questions 10
Available until May 9 at 11:59pm
Time Limit None
Allowed Attempts Unlimited
Instructions
The intended way to do these questions is to prime your brain to the main/basic concepts that you
should be able to answer with ease by the end of the module.
With your first attempt, just read carefully and give it your best guess.
Use these questions as a guide to draft the first concept map for this unit, which you will fill in by
going through elLectures and chapter sections as you go through your self- and group-study steps.
To fully master these questions, make sure that you are able to explain not only the correct answer
options, but also incorrect ones.
Be detailed in your explanations.
o The best way to learn is to explain to someone else.
This is a good place to engage with classmates in your groups, in GroupMe, online discussion or to
office hours and chats.
Remember that these are just for completion, and you have as many tries as you want.
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 2 minutes 10 out of 10
https://gatech.instructure.com/courses/442722/quizzes/630775 1/10
, 2/21/25, 12:35 PM CP2.5 Class Participation Quiz for Unit 5: Online SP25 ECON 2105 Principles of Macroeconomics
Attempt Time Score
LATEST Attempt 2 2 minutes 10 out of 10
Attempt 1 less than 1 minute 1 out of 10
Score for this attempt: 10 out of 10
Submitted Feb 21 at 12:34pm
This attempt took 2 minutes.
Question 1
1/1 pts
Figure 5.15 shows the Lorenz curve for market income in the Netherlands in 2010.
Which of the following is true?
100 Market Gini coefficient: 047
— 90 Disposable Gini coefficient: 0.25
S
W 80
E 5
S 70 ,b\\\’\\\ .
<. &0 A
60 -
Qe‘\é’ N
[+}) J
= 50 ’ (\(96‘ e
£
r 40 - Oe
g <
= 30 P P
o(,O Ba
-S
= 20 - N
™
E
= W
W) 10 -
0 || [| ) 4 [ | 1 1 || )|
0 10 20 30 40 50 60 70 80 90 100
Cumulative share of the population
from lowest to highest income (%)
If area A increases, income inequality falls.
Correct!
The Gini coefficient can be calculated as the proportion of area A to area A + B.
This method can be used when the population is large, as it is for a whole country such as the
Netherlands.
Countries with lower Gini coefficients have less equal income distributions.
The Gini coefficient takes the value 1 when everyone has the same income.
Question 2
1/1 pts
Figure 5.5 shows Angela and Bruno's feasible frontier, and Angela's biological survival constraint.
If Bruno can impose the allocation:
https://gatech.instructure.com/courses/442722/quizzes/630775 2/10
CP2.5 Class Participation Quiz for Unit 5
Due No due date
Points 10
Questions 10
Available until May 9 at 11:59pm
Time Limit None
Allowed Attempts Unlimited
Instructions
The intended way to do these questions is to prime your brain to the main/basic concepts that you
should be able to answer with ease by the end of the module.
With your first attempt, just read carefully and give it your best guess.
Use these questions as a guide to draft the first concept map for this unit, which you will fill in by
going through elLectures and chapter sections as you go through your self- and group-study steps.
To fully master these questions, make sure that you are able to explain not only the correct answer
options, but also incorrect ones.
Be detailed in your explanations.
o The best way to learn is to explain to someone else.
This is a good place to engage with classmates in your groups, in GroupMe, online discussion or to
office hours and chats.
Remember that these are just for completion, and you have as many tries as you want.
Take the Quiz Again
Attempt History
Attempt Time Score
KEPT Attempt 2 2 minutes 10 out of 10
https://gatech.instructure.com/courses/442722/quizzes/630775 1/10
, 2/21/25, 12:35 PM CP2.5 Class Participation Quiz for Unit 5: Online SP25 ECON 2105 Principles of Macroeconomics
Attempt Time Score
LATEST Attempt 2 2 minutes 10 out of 10
Attempt 1 less than 1 minute 1 out of 10
Score for this attempt: 10 out of 10
Submitted Feb 21 at 12:34pm
This attempt took 2 minutes.
Question 1
1/1 pts
Figure 5.15 shows the Lorenz curve for market income in the Netherlands in 2010.
Which of the following is true?
100 Market Gini coefficient: 047
— 90 Disposable Gini coefficient: 0.25
S
W 80
E 5
S 70 ,b\\\’\\\ .
<. &0 A
60 -
Qe‘\é’ N
[+}) J
= 50 ’ (\(96‘ e
£
r 40 - Oe
g <
= 30 P P
o(,O Ba
-S
= 20 - N
™
E
= W
W) 10 -
0 || [| ) 4 [ | 1 1 || )|
0 10 20 30 40 50 60 70 80 90 100
Cumulative share of the population
from lowest to highest income (%)
If area A increases, income inequality falls.
Correct!
The Gini coefficient can be calculated as the proportion of area A to area A + B.
This method can be used when the population is large, as it is for a whole country such as the
Netherlands.
Countries with lower Gini coefficients have less equal income distributions.
The Gini coefficient takes the value 1 when everyone has the same income.
Question 2
1/1 pts
Figure 5.5 shows Angela and Bruno's feasible frontier, and Angela's biological survival constraint.
If Bruno can impose the allocation:
https://gatech.instructure.com/courses/442722/quizzes/630775 2/10
