Question
Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.3 1. Which country has a more equal distribution of income?a. The United States.b. Sweden.c. They are actually equal.
Step 1
It is a number between 0 and 1, where 0 corresponds with perfect equality (everyone has the same income) and 1 corresponds with perfect inequality (one person has all the income, and everyone else has none). Show more…
Show all steps
Your feedback will help us improve your experience
Bobby Barnes and 94 other educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.31. Which country has a more equal distribution of income? a. The United States. b. Sweden. c. They are actually equal.
Suppose the United States has a Gini coefficient of 0.4 and Sweden has a Gini coefficient of 0.25. Which of the following statements is true? A) The distribution of income is more equal in the United States. B) The distribution of income is more equal in the Sweden. C) Income distribution is changing faster in the United States. D) Without information on population, it is not possible to compare income distribution between countries.
Base your answers on the Gini index of income concentration (see Table 2, page 388). In which of France, Germany, or Sweden is income most equally distributed? Most unequally distributed?
Additional Integration Topics
Area Between Curves
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD