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1. As the value of the Gini coefficient approaches one,
A. the percentage of the population under the poverty line increases.
B. income distribution becomes more unequal.
C. the percentage of the population under the poverty line decreases.
D. income distribution becomes less unequal.
2. The Gini coefficient is measured by
A. Summing up the cumulative income percentages on the Lorenz curve.
B. using the formula: area between perfect inequality and Lorenz curve + area between the line of perfect equality to the Lorenz curve.
C. Summing up the total income earned by the population and dividing by the size of the population.
D. using the formula: area between the line of perfect equality and the Lorenz curve + the area under the line of perfect equality.
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The Discussion is a great place to learn in an interactive environment, so be sure to participate actively in the weekly Discussion. By doing so, the entire class benefits from the Discussion and learning is significantly enhanced. You will need t..
Elucidate however, are not sure of their own internal auditors at this point also the dual system in place.
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q.although economists routinely use gross domestic product gdp and other national income and product statistics in
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At the beginning of your answer be sure to explain what a price floor is, explain why the government might impose a floor, and who it is intended to benefit.
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