A value of 1 in Gini index represents ?

Related Mcqs:

1. In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

   A. Px/Pm
   B. Pm/Px
   C. (Pm/Px)Qm
   D. (Px/Pm)Qx

2. The Gini coefficient is ?

   A. the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families
   B. the most common way of representing the income distribution graphically
   C. a commonly used measure of the degree of inequality in an income distribution
   D. a commonly used measure of the degree of inequity in an income distribution

3. A Gini coefficient of one means that ?

   A. all the income is received by the top 20% of the income distribution
   B. income is distributed equally
   C. the income is split equally between the top 20% and the rest of the distribution.
   D. one family has all the income and every one else has nothing.

4. A Gini coefficient of zero means that the ?

   A. the income is split equally between the top 20% and the rest of the distribution
   B. one person has all the income and every one else has nothing
   C. all the income is received by the top 20% of the income distribution
   D. income is equally distributed

5. The Human Development Index (HDI) summarizes a great deal of social performances in a single composite index combining ?

   A. disparity reduction rate, human resource development rate and the composite index
   B. longevity, education and living standard
   C. minimum schooling, adult literacy and tertiary educational attainment
   D. human resource training development and R&D

6. _______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?

   A. producer surplus
   B. deadweight surplus
   C. government surplus
   D. consumer surplus

7. In terms of the demand for money the interest rate represents ?

   A. the rate at which current consumption can be exchanged for future consumption
   B. the price of borrowing money
   C. The opportunity cost of holding money
   D. the return on money that is saved for the future

8. Each point on the LM curve represents the equilibrium point in the ?

   A. money market for the given level of the money supply
   B. money market for different combinations of interest rates and output
   C. goods market for the given level of government spending
   D. goods market for the given interest rate

9. When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a ?

   A. group
   B. bi-variant population
   C. sample
   D. market target

10. The response lag of stabilization policy represents ?

    A. the time that it takes for policy makers to recognize the existence of boom of bust
    B. the time needed for parliament to agree to a tax cut.
    C. the time that is necessary to put the desired policy into effect
    D. the time that it takes for the economy to adjust to the new conditions after a new policy has been implemented