Question

Ced: Sep 26 at 8:31 am uiz Instructions over the questions carefully. There are 30 questions (2 pts.each). Select the answer that best answers the question. Time Limit: 70 minutes e: Since there's a time limit to the quiz you may not finish in time if you spend your time searching for the answer in the textbook or Power Point slides. Question 29 2 pt: In the year 2015. suppose the Gini ratio for France is 0.36 and the Gini ratio for the U.S.is 0.42. In the year 2018, the Gini ratio for France fell to 0.33 and the U.S. Gini ratio remained the same at 0.42. Based on these numbers which of the following statements is true? France has greater equality in 2018 than it did in 2015 U.S. economy is stagnant since the Gini ratio did not rise In both years France had greater inequality than the US. In 2018 33 percent of French people were living in poverty. - Previous Next Quiz saved at 8:55am Submi for choo M odule 14 Supplop Module 13 Res.ppti Module 12 Proa.ppt Module tropptx

Answer 1

Ans) Gini ratio is the measure of equality or inequality in a country. Its coefficient ranges from 0 to 1 where 0 shows perfect equality and 1 shows perfect inequality. So higher the gini coefficient, higher the inequality. Further, gini ratio does not depend upon the GDP or wealth of a country. A country with lower GDP can have higher gini coefficient than the country with higher GDP.

Here We can see that in 2015, Gini ratio of France is 0.36 and of US is 0.42. It means that there was more equality in France than US in 2015. Further, in 2018, gini ratio of France fell to 0.33 and that of US remained same. Meaning that France became more equal in 2018 than it was in 2015. And there was no improvement in US. In 2018 also France has more equality than US.

Option a is correct.