A Gini coefficient of zero indicates:

A. perfect inequality.
B. Computed correctly the Gini coefficient only has values greater than zero.
C. perfect equality.
D. there is no income being earned.

Answer: C

Economics

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According to the data in the table above, real GDP grew at a rate of ________ between year 1 and year 2

A) 10 percent B) 1 percent C) 50 percent D) 5 percent E) 55 percent

Economics

Suppose that a $4 per unit tax is imposed on the sellers of DVDs. The effect of the tax will be to

a. shift the supply curve up by exactly $4 and the price paid by buyers will remain unchanged. b. shift the supply curve up by exactly $4 and the price paid by buyers will rise by less than $4. c. shift the supply curve up by exactly $4 and the price received by sellers will rise by exactly $4. d. shift the demand curve down by exactly $4 and the price paid by buyers will fall by exactly $4.

Economics