Question 5

In country A the richest 10% own 50% of total income whereas in country B the richest 10% only own 40% of total income. This means the Gini coefficient must be higher in country A.

Group of answer choices

True

False

Question 6

In country A the richest 10% own 80% of total income whereas in country B the richest 10% only own 100% of total income. This means the Gini coefficient must be higher in country B.

Group of answer choices

True

False

Question 7

The Gini coefficient is a good way to compare the wealth level of different countries.

Group of answer choices

True

False

Question 8

The Gini coefficient allows us to look at the wealth level of the poorest 10% in a country.

Group of answer choices

True

False

Question 9

The Lorenz curve allows us to compare the standard of living of the poorest 10% in different countries.

Group of answer choices

True

False