This measurement of income inequality compares the incomes of those in the upper

Question

This measurement of income inequality compares the incomes of those in the upper end of an income distribulion to the incomes of those in the lower end of the income distribution. GNH indices Lorenz curves income ratios pay gaps A Gini coefficient of 0.9 indicates relatively high rates of income inequality High rates of income inequality Moderate rates of income inequality Low rates of income inequality An absolute measure of poverty uses position in the income distribution to determine the poverty line is a moderate measurement of poverty uses a fixed income or consumption level to set the poverty line similar to measuring income inequality The primary functions of money include each of the following except barter facilitator, medium of exchange, store of value, unit of account. The function of money that provides you a means of purchasing a cup of your favorite coffee is barter facilitator, medium of exchange, store of value, unit of account. The function of money that allows you to save is barter facilitator. medium of exchange, store of value, unit of account.

Explanation / Answer

29 ANSWER : Option B. If a gini Coefficient nearing to 1 for a nation, then the INCOME INEQUALITIES in that country are very high, i.e., the Most of the Income is held by very less people and More people hold very less/ meagre Incomes.

30. ANSWER : Option B.

31.ANSWER : Option A. Monetary system eliminates Barter system.

32ANSWER : Option B. Monetary system provides for Medium Of Exchange

33 ANSWER : Option C. Store Of value. Money can be stored with us

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