If Income Is Equally Distributed, the Gini Ratio Is 1

question 81

True/False

If income is equally distributed, the Gini ratio is 1.

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Definitions:

War Of Jenkins' Ear

A conflict between Britain and Spain lasting from 1739 to 1748, sparked by an incident in which a Spanish officer allegedly cut off the ear of British seaman Robert Jenkins.

Georgia

A U.S. state in the southeast, known for its diverse landscape that ranges from coastal marshes to mountain ranges, and for its rich history and cultural heritage.

St. Augustine

A city in Florida, known as the oldest continuously inhabited European-established settlement within the continental United States.

Enlightenment Ideas

Philosophical ideas from the 17th and 18th centuries emphasizing reason, individualism, and skepticism towards traditional doctrines.