If the Area Between the Line of Equality and the Lorenz

question 33

Multiple Choice

If the area between the line of equality and the Lorenz curve is 1,250 and the entire area beneath the line of equality is 5,000,the Gini ratio is

• A)1,250.
• B)0.80.
• C)0.25.
• D)0.33.
• E)4.00.

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Definitions:

Negligence

A failure to take reasonable care to avoid causing injury or loss to another person, leading to legal liability for resulting damages.

Special Damages

In a tort case, an amount awarded to compensate the plaintiff for quantifiable monetary losses, such as medical expenses, property damage, and lost wages and benefits (now and in the future).

Monetary Losses

Financial damages or losses, usually in terms of money or assets.

Medical Expenses

Costs incurred for diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part or function of the body.