The Gini Coefficient

question 28

Multiple Choice

The Gini coefficient:

• A)varies between 0 and 1.
• B)is also equal to the mean household income for a country.
• C)is the same for most industrially developed countries.
• D)is seldom used since it does not help one understand income inequality.

---

Definitions:

Hedonism

A philosophy or lifestyle focused on pursuing pleasure and avoiding pain as the highest good.

Homeostasis

The process by which an organism or system automatically regulates its internal environment to maintain a stable, constant condition.

Locus of Control

A psychological concept that refers to individuals' beliefs about the extent to which their actions influence the outcomes and events in their lives.

Growth Motivation

The drive to expand self-capacity, enhance personal growth, and realize one's potential.