(Figure: Lorenz Curve 0) in the Figure, the Gini Coefficient

question 20

Multiple Choice

(Figure: Lorenz Curve 0) In the figure, the Gini coefficient is calculated by:

• A) Area A / Area B.
• B) Area A / Area A + Area B.
• C) Area B / Area C.
• D) Area B / Area B + Area C.

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Definitions:

Customers

Individuals or businesses that purchase goods or services provided by a company or a store.

Market Forces

The supply and demand mechanisms that determine the price and quantity of goods and services in a free market.

Equilibrium Wage

The payment rate at which the labor needed by businesses equals the labor provided by individuals.

Biased Tutoring Centers

Educational establishments that might offer preferential treatment or skewed perspectives based on certain biases, potentially affecting the quality or fairness of tutoring received.