The Gini Ratio, or Gini Coefficient, Is a Measure of the

question 222

Multiple Choice

The Gini ratio, or Gini coefficient, is a measure of the

• A) inflationary gap.
• B) recessionary gap.
• C) number of households that are classified as being poor.
• D) degree of income inequality.

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Definitions:

Conceptual Framework

A set of coherent principles and ideas that guide the development, preparation, and interpretation of financial reports, ensuring consistency and comparability.

Financial Statements

Financial statements are comprehensive reports created to highlight an organization's financial performance, financial position, and cash flows over a certain period, commonly including the balance sheet, income statement, and cash flow statement.

Conceptual Framework

A system of ideas and objectives that lead to the creation of a consistent set of rules and standards for financial accounting and reporting.