If the Gini Coefficient Is 1, There Is

question 90

Multiple Choice

If the Gini coefficient is 1, there is

• A)complete income inequality.
• B)complete income equality.
• C)relative income equality.
• D)relative income inequality.

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Definitions:

Dollars

A unit of currency used in various countries, typically represented by the symbol $.

Simple Linear Regression

A statistical method that models the linear relationship between a dependent variable and one independent variable.

Standard Error of Estimate

Indicates the average distance that the observed values fall from the regression line, measuring the accuracy of predictions.

Estimated Values

Values computed from sample data that serve as approximations of population parameters.