If the Gini coefficient is zero (0) , this means that
A) there is complete income inequality.
B) there is some income inequality.
C) there is perfect income equality.
D) the area between the line of perfect income equality and the actual Lorenz curve is very large.
Correct Answer:
Verified
Q61: The Gini coefficient measures the degree of
A)racial
Q62: In 2015, the lowest 20 percent of
Q65: When the actual Lorenz curve is a
Q67: A Gini coefficient of 2,
A)tells us that
Q67: A Gini coefficient of zero means there
Q71: If a person's asset income rises and
Q72: A person's labor income is equal to
Q74: The closer the Gini coefficient is to
Q76: A Gini coefficient of 1 means there
Q80: The closer the Gini coefficient is to
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