A Gini Coefficient of 2

question 10

Multiple Choice

A Gini coefficient of 2,

• A)tells us that 2 percent of the households in the country receive 100 percent of total income.
• B)tells us that 2 percent of the households in the country receive 50 percent of total income.
• C)tells us that 50 percent of the households in the country receive only 2 percent of total income.
• D)would be impossible because the Gini coefficient cannot be greater than 1.

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Definitions:

Owned And Owed

Refers to assets or resources that an entity possesses (owned) and obligations or debts that it is responsible for (owed).

Gross Margin

A company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.

Market Share

denotes the percentage of an industry's sales that a particular company controls, indicating its competitiveness and influence.

Competition

The rivalry between businesses or individuals for customers or resources, driving innovation and efficiency in the market.