If One Person Has All the Income and Everyone Else

question 202

True/False

If one person has all the income and everyone else has none, the Gini ratio is 1.

---

Definitions:

CIO

Congress of Industrial Organizations, originally a federation of unions that organized workers in industrial unions in the United States and Canada from 1935 to 1955. It merged with the American Federation of Labor (AFL) to create the AFL-CIO.

Sit-Down Strikes

A form of protest in which workers occupy their place of employment and refuse to work or leave, effectively halting production.

CIO Formed

Refers to the founding of the Congress of Industrial Organizations in 1935, a federation of unions that organized workers in industrial unions in the United States and Canada.

Unionization by Industry

The process through which workers in a specific industry organize to form or join a union to collectively bargain with employers over wages, benefits, and working conditions.