If the Gini Coefficient for the United States Is 0

question 74

Multiple Choice

If the Gini coefficient for the United States is 0.47 and that for India is 0.36,which of the following statements is true?

• A)The U.S.being an industrialized nation has a lower income inequality than India.
• B)The Lorenz curve for the U.S.lies above the Lorenz curve for India.
• C)India in spite of being a developing nation has a lesser income inequality than the U.S.
• D)The Lorenz curve for India would coincide with the line of perfect equality.
• E)The distribution of income in both the economies are equal.

Know the correct approach to follow up after job interviews.

Understand how to evaluate job offers beyond salary considerations.

Recognize different types of interview questions and how to respond effectively.

Appreciate the avoidance of including unnecessary personal data in professional documentation.

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Definitions:

Checks Written

Refers to checks that a company or individual has written and issued but which have not yet been cashed or cleared through the banking system.

NSF Check

A check that cannot be processed because the account it is drawn on does not have sufficient funds.

Outstanding Checks

Checks recorded in the checkbook register that have not yet been processed or debited by the banking institution.

Checks Cleared

The process by which banks verify and process the transfer of funds from the check writer's account to the recipient's account.