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Three Response Patterns to Situations of Perceived Equity or Inequity

question 98

Multiple Choice

Three response patterns to situations of perceived equity or inequity are:

Evaluate global changes in income inequality, considering the Gini coefficient as a tool for measurement.
Identify key drivers of global income inequality, according to the International Monetary Fund.
Recognize the distribution of wealth among different percentiles of wealth holders in 2013 in the United States.
Differentiate between the distribution of wealth and income inequality in the United States.

Definitions:

Coefficient

In mathematics and statistics, a coefficient is a multiplicative factor in some term of a polynomial, series, or expression; it is usually a number, but in any case does not involve any variables of the series.

Linearly Related

Refers to a correlation between two variables in which a variation in one is linked to a corresponding change in the other.

Interaction Term

In statistical models, a variable created by multiplying two or more variables together to investigate if the effect of one variable on the dependent variable is different at different levels of the other variable.

Coefficient

A numerical constant placed at the beginning and serving as a multiplier to a variable in an algebraic formula.

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