Which of the following statements is true?
A) If the Gini coefficient is large, then the space between the Lorenz curve and the line of perfect income equality will be small.
B) If the Gini coefficient is 1.00, then the Lorenz curve and the line of perfect income equality coincide.
C) If the government succeeds in decreasing income inequality, then the Gini coefficient will decrease.
D) If the Gini coefficient is 0.50, then one-half of the households earn one-half of the income, and the other half of the households earn the other half.
Correct Answer:
Verified
Q23: In 2019 a woman won a $600
Q24: One measure of the severity of poverty
Q25: "In-kind" transfer payments are made
A)when the recipient
Q26: Evidence seems to indicate that the distribution
Q27: One way to reduce the degree of
Q29: Which of the following statements is false?
A)If
Q30: Which of the following statements is false?
A)The
Q31: Which of the following is an example
Q32: Which of the following statements is true?
A)The
Q33: If the Gini coefficient is zero, there
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents