The Gini coefficient is measured by
A) summing up the total income earned by the population and dividing by the size of the population.
B) summing up the cumulative income percentages on the Lorenz curve.
C) using the formula: area between the line of perfect equality and the Lorenz curve the area under the line of perfect equality.
D) using the formula: area between perfect inequality and Lorenz curve area between the line of perfect equality to the Lorenz curve.
Question 2
Workers expect inflation to fall from 4 to 1 next year. As a result, this should
A) move the economy up along a stationary short-run aggregate supply curve.
B) shift the short-run aggregate supply curve to the right.
C) shift the short-run aggregate supply curve to the left.
D) move the economy down along a stationary short-run aggregate supply curve.
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