If the Gini coefficient is zero, then we know
a. the value of the Lorenz curve must be one
b. the income distribution is perfectly equal
c. the richest quintile receives all the income
d. the income in the economy has not changed
e. the Lorenz curve lies above the diagonal
B
Economics
You might also like to view...
If the level of consumption is $100 billion and disposable income is $125 billion, then the
A) APC = 0.6 and saving is positive. B) APC = 0.8 and saving is negative. C) APC = 0.8 and saving is positive. D) APC = 0.6 and saving is negative.
Economics
A real appreciation will tend to cause
A) an increase in exports. B) a reduction in imports. C) an increase in net exports. D) a reduction in demand for domestic goods. E) none of the above
Economics