As of 2010, the Gini coefficient was 33.9 in India and 40.8 in the United States. We can interpret this to mean that inequality:
A. is greater in India than the United States.
B. is greater in the United States than in India.
C. is about the same in the two countries.
D. is not a problem in either country.
B. is greater in the United States than in India.
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As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is imported has
A) not changed. B) increased a lot. C) decreased. D) increased a little. E) changed but whether it has increased or decreased is ambiguous.
What structures make up the international capital markets?
A) stock market, IFM, and the World bank B) bond market, foreign exchange rates, IFM, and the World bank C) commercial banks, corporations, non-bank financial institutions, the central banks, and other government agencies D) commercial banks and corporations E) the central banks and non-bank financial institutions
A strong Japanese yen:
A) induced Japanese auto manufacturers to increase their production of cars in Japan. B) induced Japanese auto manufacturers to shift their production of cars to the U.S. C) made Japanese exports more price competitive globally. D) had no meaningful impact on Japanese auto manufacturers.
In a proportional income tax system
A) marginal tax rates are the same regardless of the level of taxable income. B) marginal tax rates increase as the level of taxable income increases. C) marginal tax rates decline as the level of taxable income declines. D) everyone pays the same dollar amount in taxes.