The Greater the Value of the Gini Co-Efficient

question 113

Multiple Choice

The greater the value of the Gini co-efficient:

• A)the greater will be the GDP of the economy.
• B)the greater will be the income inequality.
• C)the greater will be the revenue of the government from direct taxes.
• D)the greater will be the equality in the distribution of income and wealth.
• E)the lesser will be the expenditure on the part of the government.

Analyze the effect of costing methods on financial reporting and managerial decision-making.

Understand cost calculations under absorption costing.

Understand cost calculations under variable costing.

Differentiate between absorption and variable costing.

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