If one person has all the income and everyone else has none, the Gini ratio is 1
Indicate whether the statement is true or false
TRUE
Economics
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Given the information in the table above, if the world equilibrium price of widgets were 4 cloth, then
A) both countries could benefit from trade with each other. B) neither country could benefit from trade with each other. C) each country will want to export the good in which it enjoys comparative advantage. D) neither country will want to export the good in which it enjoys comparative advantage. E) both countries will want to specialize in cloth.
Economics
All the following affect short-run operating targets of the FOMC, except:
a. the federal funds rate. b. the rate of inflation. c. the budget deficit. d. the foreign exchange rate. e. the growth of real GDP.
Economics