The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer?

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1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.
2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.
3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.
4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.
5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.

Correct answer is '52341'. Can you explain this answer?

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The five sentences (labelled 1, 2, 3, 4, 5) given in this question, wh...

This paragraph is about measuring inequality; sentence 5, which introduces the Gini coefficient, a scale for the same, is therefore the first sentence. Sentence 2, which explains the range of Gini values, comes after 5. Sentence 3, which continues the discussion of the Gini index, follows 2. Sentence 4 mentions another method for measuring inequality, and sentence 1 provides an example of this method, so we get a 4-1 link. Hence, 52341.

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Direction: Read the passage carefully and answer the questions.The recurring theme of equality in the United States has flared into a fervent moral issue at crucial stages: the Revolutionary and Jacksonian periods, the Civil War, the populist and progressive eras, the New Deal, and the 1960s and 1980s. The legitimacy of American society is challenged by some set of people unhappy with the degree of equality. New claims are laid, new understandings are reached, and new policies for political or economic equality are instituted. Yet the equality issue endures outside these moments of fervor. Ideologies in favor of extending equality are arrayed against others that would limit its scope; advocates of social justice confront defenders of liberty.In the moments of egalitarian ascendancy, libertarians are on the defensive. In the moments of retrenchment, egalitarians cling to previous gains. And in either period the enemy is likely to be the "special interests " that have too much power. In egalitarian times, these are the moneyed interests. In times of retrenchment, these are labor or big government and its beneficiaries.The moments of creedal passion, in Samuel Huntington's words, have usually been outbursts of egalitarianism. In part, the passion springs from the self—interest of those who would benefit from a more equal distribution of goods or political influence. But the passion also springs from ideology and values, including deep religious justifications for equality.The passion accompanying the discovery or rediscovery that ideals do not match reality is particularly intense when the ideal is as deeply felt as is equality. Yet there can be passion on the nonegalitarian side as well. The self—interested passion to protect an established position may be even more powerful than the passion to redress inequality, though its expression may be more muted.Devotion to inequality may also be based on ideals, such as liberty, individualism, and the free market, which are no less ancient and venerable. Like the ideals of equality, these alternative ideals serve as yardsticks for measuring whether society has moved away from its true principles.Yet the spirit of reform during Reconstruction dissipated in the face of spent political struggles, sluggish social institutions, and outright mendacity. Society's entrepreneurial energy was channeled into economic activity, and the courts failed to endorse many of the reformers' grandest visions. The egalitarian thrust of the Populists around the turn of the century inspired an anti—egalitarian counterthrust over the next two decades.Americans do not have an ideology that assigns clear priority to one value over any other. At every historical juncture where equality was an issue, its proponents failed to do all that they had set out to do. Swings in the equality of social conditions are restrained not just by institutional obstacles but by fundamental conflicts of values that are a traditional element of American politics. Faith in the individualistic work ethic and belief in the legitimacy of unequal wealth retard progression to the egalitarian left. As for conservatism, the indelible tenet of political equality firmly restrains the right and confirms a commitment to the disadvantaged. In seeking equal opportunity over equal result, Americans forego a ceiling, not a floor.Q. Suppose there is a government plan to raise taxes to pay for more social programs for the disadvantaged. If the information that the author presents in the passage about libertarians is correct, how would libertarians be expected to react this plan?

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Direction: Read the passage carefully and answer the questions.The recurring theme of equality in the United States has flared into a fervent moral issue at crucial stages: the Revolutionary and Jacksonian periods, the Civil War, the populist and progressive eras, the New Deal, and the 1960s and 1980s. The legitimacy of American society is challenged by some set of people unhappy with the degree of equality. New claims are laid, new understandings are reached, and new policies for political or economic equality are instituted. Yet the equality issue endures outside these moments of fervor. Ideologies in favor of extending equality are arrayed against others that would limit its scope; advocates of social justice confront defenders of liberty.In the moments of egalitarian ascendancy, libertarians are on the defensive. In the moments of retrenchment, egalitarians cling to previous gains. And in either period the enemy is likely to be the "special interests " that have too much power. In egalitarian times, these are the moneyed interests. In times of retrenchment, these are labor or big government and its beneficiaries.The moments of creedal passion, in Samuel Huntington's words, have usually been outbursts of egalitarianism. In part, the passion springs from the self—interest of those who would benefit from a more equal distribution of goods or political influence. But the passion also springs from ideology and values, including deep religious justifications for equality.The passion accompanying the discovery or rediscovery that ideals do not match reality is particularly intense when the ideal is as deeply felt as is equality. Yet there can be passion on the nonegalitarian side as well. The self—interested passion to protect an established position may be even more powerful than the passion to redress inequality, though its expression may be more muted.Devotion to inequality may also be based on ideals, such as liberty, individualism, and the free market, which are no less ancient and venerable. Like the ideals of equality, these alternative ideals serve as yardsticks for measuring whether society has moved away from its true principles.Yet the spirit of reform during Reconstruction dissipated in the face of spent political struggles, sluggish social institutions, and outright mendacity. Society's entrepreneurial energy was channeled into economic activity, and the courts failed to endorse many of the reformers' grandest visions. The egalitarian thrust of the Populists around the turn of the century inspired an anti—egalitarian counterthrust over the next two decades.Americans do not have an ideology that assigns clear priority to one value over any other. At every historical juncture where equality was an issue, its proponents failed to do all that they had set out to do. Swings in the equality of social conditions are restrained not just by institutional obstacles but by fundamental conflicts of values that are a traditional element of American politics. Faith in the individualistic work ethic and belief in the legitimacy of unequal wealth retard progression to the egalitarian left. As for conservatism, the indelible tenet of political equality firmly restrains the right and confirms a commitment to the disadvantaged. In seeking equal opportunity over equal result, Americans forego a ceiling, not a floor.Q. The existence of which of the following would most strongly challenge the author's view about the American public's ideology?

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Direction: Read the passage carefully and answer the questions.The recurring theme of equality in the United States has flared into a fervent moral issue at crucial stages: the Revolutionary and Jacksonian periods, the Civil War, the populist and progressive eras, the New Deal, and the 1960s and 1980s. The legitimacy of American society is challenged by some set of people unhappy with the degree of equality. New claims are laid, new understandings are reached, and new policies for political or economic equality are instituted. Yet the equality issue endures outside these moments of fervor. Ideologies in favor of extending equality are arrayed against others that would limit its scope; advocates of social justice confront defenders of liberty.In the moments of egalitarian ascendancy, libertarians are on the defensive. In the moments of retrenchment, egalitarians cling to previous gains. And in either period the enemy is likely to be the "special interests " that have too much power. In egalitarian times, these are the moneyed interests. In times of retrenchment, these are labor or big government and its beneficiaries.The moments of creedal passion, in Samuel Huntington's words, have usually been outbursts of egalitarianism. In part, the passion springs from the self—interest of those who would benefit from a more equal distribution of goods or political influence. But the passion also springs from ideology and values, including deep religious justifications for equality.The passion accompanying the discovery or rediscovery that ideals do not match reality is particularly intense when the ideal is as deeply felt as is equality. Yet there can be passion on the nonegalitarian side as well. The self—interested passion to protect an established position may be even more powerful than the passion to redress inequality, though its expression may be more muted.Devotion to inequality may also be based on ideals, such as liberty, individualism, and the free market, which are no less ancient and venerable. Like the ideals of equality, these alternative ideals serve as yardsticks for measuring whether society has moved away from its true principles.Yet the spirit of reform during Reconstruction dissipated in the face of spent political struggles, sluggish social institutions, and outright mendacity. Society's entrepreneurial energy was channeled into economic activity, and the courts failed to endorse many of the reformers' grandest visions. The egalitarian thrust of the Populists around the turn of the century inspired an anti—egalitarian counterthrust over the next two decades.Americans do not have an ideology that assigns clear priority to one value over any other. At every historical juncture where equality was an issue, its proponents failed to do all that they had set out to do. Swings in the equality of social conditions are restrained not just by institutional obstacles but by fundamental conflicts of values that are a traditional element of American politics. Faith in the individualistic work ethic and belief in the legitimacy of unequal wealth retard progression to the egalitarian left. As for conservatism, the indelible tenet of political equality firmly restrains the right and confirms a commitment to the disadvantaged. In seeking equal opportunity over equal result, Americans forego a ceiling, not a floor.Q. According to the passage, none of the following statements are true EXCEPT

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Answer the questions based on the following information :Rahul is sales manager of XYZ Computers Ltd. and looks after Delhi market. The company sells laptops in India. He is currently trying to select a distributor for coming five years. The distributor ensures that the products are accessible to the customers in the market. Market share of a company depends on the coverage by the distributor. The total profit potential of the entire laptop market in Delhi is Rs. 5 crores in the current year and present value of next four years’ cumulative profit potential is Rs. 15 crores. The first choice for Rahul is to enter into long-term contract with a distributor M/s Jayshree with whom XYZ company has done business in the past, and whose distribution system reaches 55 percent of all potential customers. At the last moment, however, a colleague suggests Rahul to consider signing a oneyear contract with other distributors. Distributors M/s Bola and M/s James are willing to be partner with Dubin. Although a year ago M/s Bola’s and M/s James’s coverage reached only 40 and 25 percent of customers respectively, they claim to have invested heavily in distribution resources and now expect to be able to reach 60 percent and 75 percent of customers respectively. The probability of M/s Bola’s claim and M/s James’s claim to be true is 0.60 and 0.20 respectively. The knowledge about distributors’ coverage will evolve over time. The assumption is that the true level of coverage offered by the new distributors could be discovered, with certainty, through a one-year trail, and this trail will reveal exactly one of the two levels of coverage: for example in case of M/s Bola – 40 percent (as it was last year) or 60 percent (as claime d). In addition, it is also assumed that whatever the coverage is for both distributors, it will not change over time. Rahul narrows down on three choices, which are as follows:Choice 1. Give a five year contract to the familiar distributor M/s Jayshree.Choice 2. Give a one year contract to the new distributor M/s Bola, and base next year’s decision to renew contract with M/s Bola on observed coverage for next four years or enter into a four years contract with M/s Jayshree.Choice 3. Give a one-year contract to the new distributor M/s James, and base next year’s decision to renew contract with M/s James on observed coverage for next four years or enter into a four years contract with M/s Jayshree..Q. The expected present value of the five years cumulative profit with choice 3 is

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Answer the questions based on the following information :Rahul is sales manager of XYZ Computers Ltd. and looks after Delhi market. The company sells laptops in India. He is currently trying to select a distributor for coming five years. The distributor ensures that the products are accessible to the customers in the market. Market share of a company depends on the coverage by the distributor. The total profit potential of the entire laptop market in Delhi is Rs. 5 crores in the current year and present value of next four years’ cumulative profit potential is Rs. 15 crores. The first choice for Rahul is to enter into long-term contract with a distributor M/s Jayshree with whom XYZ company has done business in the past, and whose distribution system reaches 55 percent of all potential customers. At the last moment, however, a colleague suggests Rahul to consider signing a oneyear contract with other distributors. Distributors M/s Bola and M/s James are willing to be partner with Dubin. Although a year ago M/s Bola’s and M/s James’s coverage reached only 40 and 25 percent of customers respectively, they claim to have invested heavily in distribution resources and now expect to be able to reach 60 percent and 75 percent of customers respectively. The probability of M/s Bola’s claim and M/s James’s claim to be true is 0.60 and 0.20 respectively. The knowledge about distributors’ coverage will evolve over time. The assumption is that the true level of coverage offered by the new distributors could be discovered, with certainty, through a one-year trail, and this trail will reveal exactly one of the two levels of coverage: for example in case of M/s Bola – 40 percent (as it was last year) or 60 percent (as claime d). In addition, it is also assumed that whatever the coverage is for both distributors, it will not change over time. Rahul narrows down on three choices, which are as follows:Choice 1. Give a five year contract to the familiar distributor M/s Jayshree.Choice 2. Give a one year contract to the new distributor M/s Bola, and base next year’s decision to renew contract with M/s Bola on observed coverage for next four years or enter into a four years contract with M/s Jayshree.Choice 3. Give a one-year contract to the new distributor M/s James, and base next year’s decision to renew contract with M/s James on observed coverage for next four years or enter into a four years contract with M/s Jayshree..Q.If the distributor M/s James claims a coverage of 55% instead of 75% and probability of this claim to be true is 0.70 instead of 0.20 then which of the following statement is true?

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The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer?

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The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer?.

Solutions for The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

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Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer?, a detailed solution for The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. 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In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice The five sentences (labelled 1, 2, 3, 4, 5) given in this question, when properly sequenced, form a coherent paragraph. Each sentence is labelled with a number. Decide on the proper order for the sentences and key in this sequence of five numbers as your answer.1. In the United States, the share of income going to the richest one percent grew from 8 percent in 1980 to 18 percent in 2015, while the share going to the richest tenth of one percent grew from 2 percent to 8 percent.2. Gini values generally range from .25 for the most egalitarian income distributions, such as in Scandinavia after taxes and benefits, to .7 for a highly unequal distribution such as the one in South Africa.3. In the United States, the Gini index for market income (before taxes and benefits) rose from .44 in 1984 to .51 in 2012.4. Inequality can also be measured by the proportion of total income that is earned by a given fraction (quantile) of the population.5. Economic inequality is usually measured by the Gini coefficient, a number that can vary between 0, when everyone has the same as everyone else, and 1, when one person has everything and everyone else has nothing.Correct answer is '52341'. Can you explain this answer? tests, examples and also practice CAT tests.

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