The United States Has a Gini Index of 0

question 41

Multiple Choice

The United States has a Gini index of 0.42; what does that mean?

• A) The United States has less than 1% income inequality.
• B) It means that 42% of citizens experience income inequality.
• C) There is significant income inequality in the United States.
• D) Income inequality is not a problem in the United States.

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Definitions:

Personal Property

Assets that are movable and not fixed to one location, such as furniture, vehicles, and equipment, contrary to real estate.

Demonstrative Legacy

A specific bequest in a will, directing a particular sum of money to be paid out of a specified asset or fund.

Probate

The legal process through which a deceased person's will is validated, and their assets are distributed under the supervision of a court.

Resided

Generally means to live in a particular place, but in a financing context, it is NO.