All Gini Coefficients Must Lie Between 0 and 1

question 151

Multiple Choice

All Gini coefficients must lie between 0 and 1.The lower the value,

• A)the more unequal the income distribution.
• B)the closer the income distribution is to being equal.
• C)the greater the degree of poverty.
• D)the lower the degree of poverty according to the federal government's definition of poverty.

---

Definitions:

Simple Interest Rate

A method of calculating interest where the rate is applied only to the principal amount, without compounding.

Invested

Assets or capital put into an endeavor or investment with the expectation of generating a profit.

Days

Units of time measuring 24 hours, constituting the most basic building block of calendars.

Missing Value

Data that is absent from a dataset, which can occur for various reasons and potentially impact analyses.