A Statistical Tool Used to Measure Income Inequality Is

question 130

Multiple Choice

A statistical tool used to measure income inequality is

• A)the Herfindahl-Hirschman index.
• B)the Gini coefficient.
• C)the absolute poverty rate.
• D)the relative poverty rate.

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Definitions:

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Price

The amount of money or consideration exchanged for the ownership or use of a good or service.

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities, often structured to produce and sell goods and services for profit.

Present Value

Present value represents the current value of a future amount of money or series of cash flows, discounted at a certain rate of return.