Solved

Table 141 Incomes in Pololand -The Gini Coefficient in a Society Where All Families Have

Question 27

Multiple Choice

Table 14.1 Incomes in Pololand
 Period 1  Period 2  Period 3  Period 4  Thomas $50,000$40,000$60,000$100,000 Nina $40,000$40,000$40,000$80,000 Becky $30,000$30,000$30,000$60,000 Rose $20,000$20,000$20,000$40,000 Charlie $10,000$20,000$0$20,000\begin{array} { l l l l l } & \text { Period 1 } & \text { Period 2 } & \text { Period 3 } & \text { Period 4 } \\\hline \text { Thomas } & \$ 50,000 & \$ 40,000 & \$ 60,000 & \$ 100,000 \\\text { Nina } & \$ 40,000 & \$ 40,000 & \$ 40,000 & \$ 80,000 \\\text { Becky } & \$ 30,000 & \$ 30,000 & \$ 30,000 & \$ 60,000 \\\text { Rose } & \$ 20,000 & \$ 20,000 & \$ 20,000 & \$ 40,000 \\\text { Charlie } & \$ 10,000 & \$ 20,000 & \$ 0 & \$ 20,000 \\\hline\end{array}
-The Gini coefficient in a society where all families have equal incomes would be


A) 0.
B) 0.5.
C) 1.0.
D) 2.0.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents