The Gini Coefficients for Countries a and B Are 0

question 8

Multiple Choice

The Gini coefficients for countries A and B are 0.25 and 0.30, respectively. We can definitely conclude that

• A)the lowest 20 percent family income groups in A and B receive 25 percent and 30 percent of total income, respectively.
• B)the lowest 50 percent family income groups in A and B receive 25 percent and 30 percent of total income, respectively.
• C)the lowest 20 percent family income group receives a greater share of total income in country A than in country B.
• D)the lowest 20 percent family income group receives a greater share of total income in country B than in country A.
• E)none of the above

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Definitions:

Act-Learn-Build

A process approach that emphasizes action-oriented learning and building iteratively on results to develop new products, services, or businesses.

Social Entrepreneurship

The pursuit of entrepreneurial ventures with a major emphasis on achieving social goals and positive externalities.

Not-For-Profit

A tax status granted to companies performing functions deemed by Congress to be socially desirable that exempts them from income tax and, in some cases, allows them to receive tax-deductible donations.

Entrepreneurial Spirit

An attitude and approach characterized by innovation, risk-taking, and the ability to see and seize opportunities for business or personal gain.