Home / Questions / When the actual Lorenz curve is a 45-degree line, there is

When the actual Lorenz curve is a 45-degree line, there is

When the actual Lorenz curve is a 45-degree line, there is

a.perfect income equality.

b.perfect income inequality.

c.a more equal distribution of income than before.

d.a less equal distribution of income than before.

e.the same distribution of income as before.

 

 

 

43.When the actual Lorenz curve is as far away from the 45-degree line as possible, there is

a.perfect income equality.

b.perfect income inequality.

c.a more equal distribution of income than before.

d.a less equal distribution of income than before.

 

 

 

44.The Gini coefficient measures the degree of

a.racial discrimination.

b.age discrimination.

c.income inequality.

d.sex discrimination.

e.wage discrimination.

 

 

 

45.A Gini coefficient of 1 means there is

a.perfect income equality.

b.perfect income inequality.

c.a more equal distribution of income than before.

d.a less equal distribution of income than before.

e.the same distribution of income as before.

 

 

 

46.A Gini coefficient of zero means there is

a.perfect income equality.

b.perfect income inequality.

c.a more equal distribution of income than before.

d.a less equal distribution of income than before.

e.the same distribution of income as before.

 

 

 

47.The closer the Gini coefficient is to 1, the

a.greater the degree of income inequality.

b.less the degree of income inequality.

c.greater the degree of discrimination.

d.less the degree of discrimination.

 

 

 

48.The closer the Gini coefficient is to zero, the

a.greater the degree of income inequality.

b.less the degree of income inequality.

c.greater the degree of discrimination.

d.less the degree of discrimination.

 

 

 

49.The Gini coefficients for countries A and B are 0.25 and 0.30, respectively. We can definitely conclude that

a.the lowest 20 percent family income groups in A and B receive 25 percent and 30 percent of total income, respectively.

b.the lowest 50 percent family income groups in A and B receive 25 percent and 30 percent of total income, respectively.

c.the lowest 20 percent family income group receives a greater share of total income in country A than in country B.

d.the lowest 20 percent family income group receives a greater share of total income in country B than in country A.

e.none of the above

 

 

 

50.If the Gini coefficient is equal to 2, we can conclude that

a.2 percent of the households receive 100 percent of total income.

b.2 percent of the households receive 50 percent of total income.

c.50 percent of the households receive only 2 percent of total income.

d.b and c

e.None of the above, because the Gini coefficient cannot exceed 1.

Dec 09 2019 Read more Less More

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