A Collectivity Involves a Large Number of People

question 51

Multiple Choice

A collectivity involves a large number of people

• A)with minimal interaction and few well-defined norms.
• B)who know each other well.
• C)who interact in a formal setting such as a college classroom.
• D)who are members of a well-defined social group.

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Definitions:

Domestic Output

The overall value of goods and services produced domestically in a country within a set period.

Gini Ratio

A benchmark for evaluating the deviation of income distribution in a group, where a value of 0 means entirely equal distribution and 1 illustrates the highest level of inequality.

Measured

Measured refers to the process of quantifying or evaluating something through systematic observation or calculation.

Income Inequality

The unequal distribution of annual or lifetime income among individuals or households in an economy.