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Master The Gini Coefficient and The Lorenz Curve
This quiz dives into the topic of Income Inequality from the Economics Unit 1 Syllabus, specifically the Module 3.
12
Questions
Author:Krish Beachoo
Edu Level: Unit1
Date: Mar 27, 2024
Question 1
What is the Gini Coefficient?
Question 2
What is the Lorenz Curve
Question 3
Which of the following Countries have the greatest income inequality?
Question 4
Which of the following represents the Gini Coefficient?
Question 5
At what angle is the Line of Absolute Income Equality drawn?
Question 6
What is the Range of the Gini Coefficient?
Question 7
The area between the Lorenz Curve and the Line of Absolute Income Inequality represents 0.6, what is the Gini Coefficient?
Question 8
The area between the Lorenz Curve and the Line of Absolute Income Equality represents 0.75, what is the Gini Coefficient?
Question 9
Country A has a Gini Coefficient of 0.85 and Country B has a Gini Coefficient of 0.15, which country has a more uneven distribution of income?
Question 10
What does the bottom 50% of recipients of income represent in a country with a highly uneven distribution of income?
Question 11
What does the y-axis represent in a diagram showing the Gini Coefficient and Lorenz Curve?
Question 12
What does the x-axis represent in a diagram showing the Gini Coefficient and Lorenz Curve?