One person has all the income and everyone else has none (i.e. perfect inequality). In 1976, Amartya Sen, who would later win a Nobel Prize in Economics, proposed to use a different indicator instead of income to measure development: income x (1-Gini coefficient). Below is a table with the Gini coefficient and real GDP per capita for 3 different countries. Fill in the growth rates for these 3 countries and then answer the questions on the next page. 2000 2015 Growth GDP per capita, constant local currency (GDPPC) Gini coefficient (Gini) GDPPC Gini %∆ GDPPC %∆ [GDPPC x (1-Gini)] Indonesia 19,486,794 (rupiah) 0.285 34,764,316 0.397 Germany 28,690.5 (euros) 0.288 34,370.6 0.317 Peru 8,397.9 (neuvo sol) 0.491 15,835.6 0.434 1. Which country has the fastest growth in GDPPC? What does this result imply? 2. Which country has the fastest income x (1-Gini coefficient) growth? What does this result imply? 3. Why might countries often experience both high GDP per capita growth and high Gini coefficient growth at the same time? Why might income x (1-Gini coefficient) be a better development indicator than income?