The greater the area between the Lorenz curve and the diagonal in the Lorenz curve diagram, the
A) smaller is the Gini ratio and the greater is the degree of income inequality.
B) larger is the Gini ratio and the greater is the degree of income inequality.
C) smaller is the Gini ratio and the lesser is the degree of income inequality.
D) larger is the Gini ratio and the lesser is the degree of income inequality.
Correct Answer:
Verified
Q1: Which of the following countries has the
Q2: Suppose the members of population A, consisting
Q3: The Lorenz curve portrays
A) the functional distribution
Q4: In 2014, the average income for households
Q6: The Gini ratio of income inequality ranges
Q7: In the quintile distribution of income, the
Q8: In 2014, the highest quintile of households
Q9: The Lorenz curve
A) plots graphically the poverty
Q10: The highest quintile of households in the
Q11: The Gini ratio
A) measures the relative extent
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