A Gini of 0 Implies

question 18

Multiple Choice

A Gini of 0 implies:

• A)every family has equal amount of income.
• B)top 10% of the families appropriate almost 100% of the total income.
• C)bottom 90% of the families have only 10% of the total income.
• D)bottom 20% of the families have 80% of the total income.
• E)only 1 family appropriates the entire national income.

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Definitions:

Real Estate

Property consisting of land or buildings, along with the natural resources of the land including uncultivated flora and fauna, water, and minerals.

Easement

A non-possessory right to use and/or enter onto the real property of another without owning it.

Course of Performance

Course of Performance refers to the conduct between parties in the execution of a contract that helps to interpret and define the contract's terms.

UCC

Uniform Commercial Code; a comprehensive set of laws governing all commercial transactions in the United States.