Which of the Following Statements Regarding the Gini Index Is

question 66

Multiple Choice

Which of the following statements regarding the Gini index is true?

• A) Zero percent stands for absolute equality.
• B) It is a statistical measure of complexity.
• C) Fifty percent represents absolute inequality.
• D) Inequality reduces as the percentage figure rises toward 100.

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Definitions:

Financial Responsibility

Obligation to manage financial resources wisely and fulfill monetary commitments.

Consumer Goods

Products and services that are bought for personal use by individuals.

Real Property

Land and everything attached to it, such as trees and buildings.

Definite Period

A specified duration of time with clearly defined start and end points.