Which scenario best illustrates a Gini coefficient equal to one?
a. People earn the same income.
b. John receives a wage of $1 per hour.
c. The king ends up with all the nation's income.
d. There is a one-to-one ratio of income to population.
e. 100 percent of the income is held by 100 percent of the population.
C
You might also like to view...
How much is the APS when disposable income is $10 billion?
A depreciation of the South Korean won against the U.S. dollar will
A. Raise the dollar price of Korean goods. B. Lower the won price of Korean goods. C. Lower the dollar price of U.S. goods. D. Raise the won price of U.S. goods.
An economy's production possibilities curve indicates
A. The rate of economic growth. B. How much the economy can produce. C. The rate of investment. D. The prices of any two goods.
Which of the following is not one of the functions of money?
a. unit of account b. means of deferred payment c. encouraging people to barter d. medium of exchange