Income Inequality Increases as the Gini Coefficient Approaches 1

question 3

True/False

Income inequality increases as the Gini coefficient approaches 1.

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Definitions:

Thurstone

Refers to L.L. Thurstone, a pioneering psychologist known for his contributions to psychometrics and the theory of intelligence.

Mental Abilities

The range of cognitive capabilities including the capacity to learn, remember, solve problems, and make decisions.

Stanford-Binet Intelligence Scale

A standardized test that assesses intelligence and cognitive abilities in children and adults.

Mental Abilities

The range of cognitive functions including memory, perception, problem-solving, and intellectual skills.