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:

Reciprocal Determinism

Reciprocal determinism is a concept in psychology, proposed by Albert Bandura, suggesting that an individual's behavior is both influenced by and influences their personal factors and the environment.

Cognitive Processes

Mental activities and operations that involve acquiring, storing, retrieving, and using information.

Situational Context

The environmental and circumstantial details surrounding an event or situation that can influence individuals' behavior and perceptions.

Behavior

Actions or reactions of an individual or a system in response to external or internal stimuli.