Author Question: If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate? ... (Read 45 times)

Zulu123 · **on:** Jun 30, 2018

If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?
a. Income inequality increased in the U.S
b. Per capita income increased in the U.S
c. Both income inequality and per capita income increased
d. Income inequality decreased
e. The growth rate of income increased

Question 2

Stagflation is defined as:
a. the simultaneous occurrence of high inflation and high unemployment.
b. high inflation accompanied by falling interest rates.
c. declining GDP accompanied by a stable price level.
d. a persistent decline in the price level that is unresponsive to monetary and fiscal policies.

zoeyesther · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a. Income inequality increased in the U.S. (Gini coefficient is a measure of income inequality. The higher it is, the more unequal the income.)

Answer to Question 2

the simultaneous occurrence of high inflation and high unemployment.