If the Gini Coefficient for the United States Is 0

question 74

Multiple Choice

If the Gini coefficient for the United States is 0.47 and that for India is 0.36,which of the following statements is true?

• A)The U.S.being an industrialized nation has a lower income inequality than India.
• B)The Lorenz curve for the U.S.lies above the Lorenz curve for India.
• C)India in spite of being a developing nation has a lesser income inequality than the U.S.
• D)The Lorenz curve for India would coincide with the line of perfect equality.
• E)The distribution of income in both the economies are equal.

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Definitions:

Working-Class

A social group consisting of people employed in lower-tier jobs, often involving manual labor and receiving hourly wages.

African American/Black

Pertains to individuals in the United States with origins in any of the black racial groups of Africa.

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A socioeconomic group characterized by moderate to high income, cultural norms, and educational levels, predominantly of white ethnicity in Western contexts.

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