Question: If a country has a Gini coefficient equal to zero, then A . the Lorenz curve for that country is a vertical line B .

If a country has a Gini coefficient equal to zero, then
A. the Lorenz curve for that country is a vertical line
B. that country is experiencing perfect income inequality
C. that country is experiencing perfect income equality
D. the Lorenz curve for that country is a horizontal line
If a country has a Gini coefficient equal to zero, then

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Hello I have this 4 different assignment it's 3 essay this the Topic: Income Inequality Comparison between the USA and China. But make 4 different essay please help me thanks I- Paper 3 Development...

Q:

HI PLEASE ANSWER ALL 1. Assume the market for apples is initially in equilibrium. Which of the following will result in a higher equilibrium price of apples? a. An increase in both the demand for and...

Q:

Please answer these multiple choice problems. Thank you! 23. Sl: Population growth can either positively or negatively affect the levels of living in a nation. S2: Vast increases in birth rate is a...

Q:

3. Assume income is distributed more equally in Country A than in Country B. In that case we would expect the Lorenz curve for Country A to be (. . . ) (a) on the 45-degree line. (b) closer to the...

Q:

A Lorenz curve is a curve that shows A . the level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition for...

Q:

A Lorenz curve is a curve that shows A . the cumulative fraction of income earned by each fraction of frouseholds, while a Gini coefficient is equal to the area between the poverty line and the line...

Q:

A Lorenz curve is a curve that shows Part 2 A . the cumulative fraction of income earned by each fraction of households, while a Gini coefficient is equal to the area between the poverty line and the...

Q:

A Lorenz curve is a curve that shows Part 2 A . the level of annual income equal to three times the amount of money necessary to purchase the minimal quantity of food required for adequate nutrition...

Q:

j . II . Problem 2 - Measuring Inequality See the Excel file titled "Homework 5 - DATA" posted on Canvas. III. Problem 2 - Measuring Inequality a . Pick a country from those given in the Excel file...

Q:

MAth in Context 5: The Gini index is a statistical The Gini index is defined to be measure of income distribution. two times the area between the It ranges from 0 (or 0%) for line of perfect equality...

Q:

Builders Company Inc. sells heavy- construction equipment. It has 10,000 common shares outstanding and its fiscal year ends on December 31. The adjusted trial balance was taken from the general...

Q:

Given the following data in the form (z, f(z)): (0,1), (0.1, 2), (0.2,3), (0.3, 4), (0.4,5), (0.6, 7). If we use the data and the two-point open Newton-Cotes formula (n 1) to approximate f(z) dz,...

Q:

Homer Inc. manufactures model airplane kits and projects production at 4 5 0 , 6 2 0 , 6 0 0 , and 7 5 0 kits for the next four quarters. Prepare Homer's direct materials budget, direct labor budget,...

Q:

Answer True or False for the following: 1) Range of returns is not a measure of risk. 2) Weights are not related to a single asset's expected return. 3) When computing a single asset's variance, the...

Q:

(Appendices) ACCOUNTS RECEIVABLE TURNOVER. A recent annual report for Gerber Products Company shows credit sales for the year of approximately $1,269 million and average accounts receivable of...

Q:

(Appendices) ENDING INVENTORY AND COST OF GOODS SOLD. Hempstead Company has the following data for 19x9: LO8

Q:

(Appendices) SALES RECORDED GROSS. Nevada Company sold merchandise with a list price of $12,500 to Small Enterprises on terms 3/15, n/30. Nevada records sales net of discount. LO2 REQUIRED: 1....