Assuming That the Gini Coefficient for Egypt Is 0

question 7

Multiple Choice

Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have

• A)virtually the same number of households in absolute poverty.
• B)virtually the same percentage of households in absolute poverty.
• C)virtually the same level of the Human Development Index.
• D) None of the above.

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Definitions:

Straight-Line Depreciation

A method used in accounting to allocate the cost of a tangible asset over its useful life evenly.

Electricity Costs

The financial charges for the consumption of electrical energy by a business, forming part of its operating expenses.

Factory Supervisor

A managerial position responsible for overseeing the daily operations of a manufacturing facility, ensuring production targets are met efficiently.

Mixed Cost

A cost composed of a fixed and a variable component and changes in total in response to activity level changes.