The Gini coefficient is computed by dividing the
A) area between the line of perfect income equality and the actual Lorenz curve by the area below the Lorenz curve.
B) area below the Lorenz curve by the total area below the line of perfect equality.
C) area between the line of perfect income equality and the actual Lorenz curve by the total triangular area below the line of perfect income equality.
D) either a or b
E) any of the above
Correct Answer:
Verified
Q39: The larger the Gini coefficient, the
A)greater the
Q40: The Lorenz curve is a graphical representation
Q41: In 2015, the top 20 percent of
Q42: Transfer payments are payments that are
A)made in
Q43: The Gini coefficient would be
A)1 if there
Q45: Which of the following statements is true?
A)Some
Q46: A person is more likely to be
Q47: The Lorenz curve of perfect income equality
Q48: Differences in income result from differences in
A)innate
Q49: In relative terms, poverty will always exist
A)regardless
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