A Gini Coefficient of 1 Denotes

question 83

Multiple Choice

A Gini coefficient of 1 denotes:

• A) zero income.
• B) infinite income.
• C) perfect inequality of income distribution.
• D) perfect equality of income distribution.

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Definitions:

Status

A recognized social position that an individual can occupy.

Taste

Refers to individuals' personal and cultural preferences for specific flavors, styles, or aesthetics.

Conspicuous Consumption

The purchase of goods or services for the purpose of displaying wealth or social status, rather than to meet practical needs.

Debt

An amount of money borrowed by one party from another, typically involving repayment of the initial sum plus interest.