if country x has a gini coefficient of 07 and country y has a gini coefficient of 04 which of th

Name: if country x has a gini coefficient of 07 and country y has a gini coefficient of 04 which of the following is correct a both countries have an equal income distribution b country x has a higher degre
Uploaded: 2023-11-13T17:37:11-08:00
Duration: 1 min
Channel: Nick Johnson
Description: if country x has a gini coefficient of 07 and country y has a gini coefficient of 04 which of the following is correct a both countries have an equal income distribution b country x has a higher degre

Question

Manasvee Singh · Accepted Answer

The Gini coefficient is a measure of income inequality within a country. It ranges from 0 to 1,

Question

If Country X has a Gini coefficient of 0.7 and Country Y has a Gini coefficient of 0.4, which of the following is correct? a. Both countries have an equal income distribution. b. Country X has a higher degree of inequality. c. Country Y has a higher degree of inequality. d. None of the above.

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