Question
According to the U.S. CensusBureau, the Gini ratio in the U.S. rose from 0.479 to 0.486 between 2015 and 2018. This implies which of thefollowing?
According to the U.S. CensusBureau, the Gini ratio in the U.S. rose from 0.479 to 0.486 between 2015 and 2018. This implies which of thefollowing?
A.
The Lorenz curve in the U.S. was farther away from the line of equality in 2018 than it was in 2015.
B.
The area between the Lorenz curve and the line of equality decreased from 0.521 in 2015 to 0.243 in 2018.
C.
The area between the Lorenz curve and the line of equality increased from 0.243 in 2015 to 0.521 in 2018.
D.
The distribution of income in the U.S. was more equitable in 2018 than it was in 2015.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started