The Gini Coefficient Is

question 5

Multiple Choice

The Gini coefficient is:

• A) The measure of the total income of all of a country's citizens
• B) The line below which people will be defined as poor
• C) The percentage of eligible laborers who lack ongoing, regular access to paid work
• D) The measure of income inequality in a given population

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Definitions:

Net Assets

The total assets of a company minus its total liabilities, indicating the company's underlying value.

Retained Earnings

The portion of a company's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay off debt.

Amortized Cost Basis

An accounting method that gradually writes off the initial cost of an asset over a period, which reflects its consumption or use over time.

Credit Loss

Credit Loss is the loss incurred by a lender when a borrower fails to repay a loan, and the recoverable amount is less than the outstanding balance.