Quiz_189 - 114 A B C D 1

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114) As the value of the Gini coefficient approaches one,A) the percentage of the population under the poverty line decreases.B) income distribution becomes less unequal.C) the percentage of the population under the poverty line increases.D) income distribution becomes more unequal.Answer: D114)Diff: 2Page Ref: 601/601Topic: Gini CoefficientLearning Outcome: Micro 25: Discuss the economics of income distribution and discriminationAACSB: Reflective ThinkingFigure 18-3115)Refer to Figure 18-3. Rank the above panels in terms of most unequal income distribution to leastunequal income distribution.115)Diff: 2Page Ref: 600/600Topic: Lorenz CurveLearning Outcome: Micro 25: Discuss the economics of income distribution and discriminationAACSB: Analytic Skills116) Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25.Which of the following statements is true?116)Diff: 2Page Ref: 601/601Topic: Gini CoefficientLearning Outcome: Micro 25: Discuss the economics of income distribution and discriminationAACSB: Analytic Skills33
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Figure 18-4Figure 18-4 shows the Lorenz curve for a hypothetical country.
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  • Spring '11
  • Lee
  • Economics, AACSB, Nontotient, Income distribution

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