If the Gini co-efficient for any economy is 0.85,which of the following statements is true?
A) The national income of this economy is more or less equally distributed.
B) The Lorenz curve for the economy will bow above the line of perfect equality.
C) The Lorenz curve for the economy will coincide with the line of perfect equality.
D) The Lorenz curve for the economy will bow down below the line of perfect equality.
E) The Lorenz curve for the economy will be a rectangle.
Correct Answer:
Verified
Q3: The figure given below represents an imperfectly
Q15: A Gini of 0 implies:
A)every family has
Q16: The diagram that represents how income is
Q17: Which of the following results from the
Q18: The figure given below represents an imperfectly
Q23: The figure given below shows the Lorenz
Q30: The figure given below shows the Lorenz
Q31: The figure given below shows the Lorenz
Q35: The figure given below shows the Lorenz
Q42: The figure given below shows the Lorenz
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