A Statistical Tool Used to Measure Income Inequality Is

question 130

Multiple Choice

A statistical tool used to measure income inequality is

• A)the Herfindahl-Hirschman index.
• B)the Gini coefficient.
• C)the absolute poverty rate.
• D)the relative poverty rate.

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Definitions:

Sample Size

The number of observations or data points collected in a study or used in a statistical analysis.

Vertical Axis

The perpendicular line in a graph or chart representing the range of one of the variables under consideration.

Horizontal Axis

The x-axis in a graph, typically used to represent the independent variable or scale of measurement.

Widths

Widths refer to the measure of the extent of something from side to side; in data visualization, it could refer to the thickness of lines or bars.