Because Wealth Is More Concentrated Than Income, the Gini Coefficient

question 22

True/False

Because wealth is more concentrated than income, the Gini coefficient for the wealth distribution is greater than the Gini coefficient for the income distribution.

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Definitions:

Dishonored

In relation to financial transactions, it refers to the refusal of payment on a check, note, or bill when presented.

Bill of Exchange

A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed amount of money to another party at a predetermined date or on demand.

Goldsmith

Traditionally, an artisan who crafts objects out of gold, but the term can also refer to a person or establishment dealing in gold and gold products.