i have a 5 questions homework

these are the 5 questions but we have a very strict plagiarism policy so please make sure that the answers are yours

• Explain the following:
  1. Lorenz curve and Gini-coefficient
  2. Absolute poverty and relative poverty
  3. Transient and chronic poverty
  4. Poverty line and adult equivalence scale
  5. The head-count ratio and income-gap ratio

• Distinguish between nominal GNP and GNP in purchasing power parity? Is per capita income a good indicator of development? Why or why not.

• Will the poor countries catch up with the rich countries? How has this gap between the rich and poor countries evolved in the past few decades?

• How does income inequality affect poverty and quality of life in a country? Is a more equal distribution of income good or bad for a country’s development?