The Gini ratio for a perfectly equal distribution of income is
A) equal to zero.
B) equal to 1.
C) equal to 100.
D) equal to infinity.
E) negative.
Correct Answer:
Verified
Q19: An income Lorenz curve
A)graphs the cumulative percentage
Q20: If each household made the same amount
Q21: The closer the income Lorenz curve is
Q22: Which diagram is used by economists to
Q23: The low-income cutoff level is
A)a level of
Q25: Use the figure below to answer the
Q26: Use the figure below to answer the
Q27: Wealth differs from income because
A)income is a
Q28: Poverty is
A)an income below the national average
Q29: The income distribution in Canada is
A)bell-shaped.
B)positively skewed.
C)negatively
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