A Gini Index of One Indicates That

question 57

Multiple Choice

A Gini index of one indicates that:

• A)every household in the country earns very different amounts of money
• B)every adult in the country earns the same amount of money
• C)every household in the country earns the same amount of money
• D)a single household earns the entire national income
• E)we cannot know how the national income is earned in a country

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Definitions:

Reciprocity

A social norm of responding to a positive action with another positive action, fostering cooperative and social behavior.

Price Discrimination

The practice of selling the same product or service at different prices to different customers, often based on factors like location, demographic, or purchase history.

Safety Mats

Protective mats designed to reduce the risk of injuries by providing a cushioned surface in various environments.

Whistle-Blowing

Whistle-Blowing refers to the act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an insider.