If the US Gini Coefficient Measure of Income Inequality Changed from 0

question 33

Multiple Choice

If the U.S. Gini coefficient measure of income inequality changed from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?

• A) Income inequality increased in the U.S.
• B) Per capita income increased in the U.S.
• C) Both income inequality and per capita income increased.
• D) Income inequality decreased.
• E) The growth rate of income increased.

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Definitions:

Participatory Management

An approach to company management where employees at all levels are encouraged to contribute ideas and participate in decision-making processes.

Sociopolitical Environment

The combination of social and political factors within a region or country that impacts the functioning and governance of organizations and societies.

Labor Lobbying

The practice of representing and advocating for the interests of workers and labor unions in political, legislative, and regulatory matters.

Corporate Codes

Are ethics or conduct guidelines developed by companies to outline expected behaviors and responsibilities of their employees, often focusing on professionalism, integrity, and social responsibility.