The more equal the income distribution in a society, the smaller the Gini coefficient
Indicate whether the statement is true or false
TRUE
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In 1933, net private domestic investment was negative $6.0 billion. This means that ________.
A. gross private domestic investment exceeded depreciation by $6.0 billion B. the production of 1933's GDP used up more capital goods than were produced in that year C. the economy was expanding in that year D. the economy produced no capital goods at all in 1933
The imposition of a quota ________ domestic production, ________ imports, and ________ domestic purchases
A) decreases; increases; decreases B) increases; decreases; increases C) increases; decreases; decreases D) decreases; decreases; decreases E) increases; increases; increases
Using the data in the above table, what is the value of national saving?
A) $1,202 billion B) $2,837 billion C) $1,053 billion D) -$85 billion
The lifetime income distribution of income is a ________ accurate indicator of the degree of economic inequality than the distribution of ________
A) less; of annual income B) more; of annual income C) less; of wealth D) less; annual Lorenz curves