If the Gini Co-Efficient for Any Economy Is 0

question 86

Multiple Choice

If the Gini co-efficient for any economy is 0.85,which of the following statements is true?

• A)The national income of this economy is more or less equally distributed.
• B)The Lorenz curve for the economy will bow above the line of perfect equality.
• C)The Lorenz curve for the economy will coincide with the line of perfect equality.
• D)The Lorenz curve for the economy will bow down below the line of perfect equality.
• E)The Lorenz curve for the economy will be a rectangle.

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Definitions:

Selection Effect

A bias in how subjects are chosen for a study or observation, affecting the validity of the conclusions.

Adaptive Capacities

The ability of individuals or systems to adjust effectively to new or changing environments.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society.

Genetic Variations

Differences in the DNA sequences among individuals within a population, contributing to genetic diversity.