If the Gini coefficient for the United States is 0.47 and that for India is 0.36,which of the following statements is true?
A) The U.S.being an industrialized nation has a lower income inequality than India.
B) The Lorenz curve for the U.S.lies above the Lorenz curve for India.
C) India in spite of being a developing nation has a lesser income inequality than the U.S.
D) The Lorenz curve for India would coincide with the line of perfect equality.
E) The distribution of income in both the economies are equal.
Correct Answer:
Verified
Q7: The table below shows the distribution of
Q8: Gini co-efficient is the:
A)area between the Lorenz
Q9: The table below shows the distribution of
Q10: If 50 percent of the population receives
Q11: The figure given below represents an imperfectly
Q12: The table below shows the distribution of
Q13: 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: The figure given below represents an imperfectly
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