Which of the following statements about the GINI index is FALSE?O a. Ranges from 0 to 100O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequalityc. The GINI index represents the extent of inequality in people's income within a societyd. Is scaled so that 0 represents no inequality while 100 represents perfect inequality0- Icon Key

GINI index implies that the higher the GINI index, the higher would be the inequality. So, 100…

Which of the following statements about the GINI index is FALSE? O a. Ranges from 0 to 100 O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequality O c. The GINI index represents the extent of inequality in people's income within a society O d. Is scaled so that 0 represents no inequality while 100 represents perfect inequality

Which of the following statements about the GINI index is FALSE? O a. Ranges from 0 to 100 O b. Is scaled so that 100 represents no inequality while 0 represents perfect inequality O c. The GINI index represents the extent of inequality in people's income within a society O d. Is scaled so that 0 represents no inequality while 100 represents perfect inequality

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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