The Gini coefficient for the United States in 1980 was 0.403. In 2014, the coefficient was equal to 0.480. This means that
A) income inequality increased from 1980 to 2014.
B) there was a decrease in the amount of government transfer payments from 1980 to 2014.
C) cuts in federal income tax rates in the early 1980s and 2001 helped to reduce income inequality.
D) per capita income in the United States rose from 1980 to 2014.
A
Economics
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a. lower nominal interest rates b. lower real interest rates c. higher nominal interest rates d. higher real interest rates e. zero real interest rates
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When total product is increasing at an increasing rate, marginal product is
A) positive and increasing. B) positive and decreasing. C) constant. D) negative.
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