Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A)The Lorenz curve expresses the relationship between cumulative percentage of households and cumulative percentage of income.
• B)If there were perfect income equality, the Lorenz curve would be a 45-degree line.
• C)The Gini coefficient is a measurement of the degree of inequality in the income distribution.
• D)The Gini coefficient is a number between 0 and 100.

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Definitions:

Bad Job

Employment that is considered unsatisfactory due to factors like poor pay, working conditions, or lack of benefits.

Economy

The system of production, distribution, and consumption of goods and services within a society, influencing its wealth and living standards.

Low Skill Level

Referring to jobs or tasks that require a minimal amount of training or education to perform.

Little Autonomy

A situation where there is scant or limited independence or self-governance within a subsystem or entity.