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Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is...

Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have

a.

virtually the same number of households in absolute poverty
b.

virtually the same pe virtually the same level of the Human Development Index. rcentage of households in absolute poverty
c.

virtually the same level of the Human Development Index.
d.

none of the above.
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Answer #1

The answer is option d- none of the above

The Gini index or Gini coefficient is a statistical distribution measure created in 1912 by the Italian statistician Corrado Gini. It is used as a gage of economic inequality, assessing a population's income distribution.
The coefficient varies from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are not practically possible because negative wages are not taken into account.

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