The Gini ratio is calculated by dividing the area between the Lorenz curve and the diagonal by the:
A. Remaining area below the diagonal
B. Total area below the diagonal
C. Total area of the box or rectangle
D. Remaining area of the box or rectangle
B. Total area below the diagonal
Economics
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The expenditure approach to GDP accounting includes:
a. wages and salaries. b. net exports. c. net interest. d. corporate profit. e. proprietors' income.
Economics
Specialization and trade can create more wealth (output of goods and services): a. when we only trade for things we could not produce ourselves
b. when each person specializes in what they do relatively best and trade for the rest. c. only if we gain and other countries lose. d. only with certain nations.
Economics