The Gini Coefficient Is Measured by

question 75

Multiple Choice

The Gini coefficient is measured by

• A) summing up the cumulative income percentages on the Lorenz curve.
• B) summing up the total income earned by the population and dividing by the size of the population.
• C) using the formula: area between perfect inequality and Lorenz curve ÷ area between the line of perfect equality and the Lorenz curve.
• D) using the formula: area between the line of perfect equality and the Lorenz curve ÷ the area under the line of perfect equality.

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Definitions:

Concrete Operations

a stage in Jean Piaget's theory of cognitive development during which children gain the ability to think logically about concrete events.

Preoperational

A stage in Piaget's theory of cognitive development, occurring roughly between the ages of 2 and 7, characterized by symbolic thinking, egocentrism, and a lack of operational thought.

Sensorimotor

A developmental stage in early childhood, as proposed by Piaget, where children learn about and experience the world primarily through their senses and motor actions.

Formal Operations

The final stage in Piaget's theory of cognitive development, starting around age 12, where individuals develop the ability to think abstractly, logically, and systematically.