Discuss what you believe might be one of the disadvantages of using the Gini coefficient
What will be an ideal response?
While the Gini coefficient measures inequality of income, it does not measure inequality of opportunity. For example, some countries may have a social class structure (i.e. a caste system or other social arrangement) that may present barriers to upward mobility; this is not reflected in their Gini coefficients.
Economics
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An increase in money demand will shift the
A) IS curve to the left. B) IS curve to the right. C) LM curve to the left. D) LM curve to the right.
Economics
In 2003, federal government expenditures as a percentage of GDP were around _____
a. 10 percent b. 20 percent c. 30 percent d. 40 percent
Economics