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What is the average income of an economy with a Gini coefficient of 0.2 and a...

What is the average income of an economy with a Gini coefficient of 0.2 and a covariance between income and cumulative distribution of income equal to 180?

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The average income of an economy with a Gini coeffcient of 0.2 and a covariance between income and cumulative distribution of income multiplied to100.Gini coefficient expressed as a percentage, and is equal to Gini coeffcient multiplied by 100. 0.2 represents perfect income equality.The most commonly used inequality measures are the Gini coeffcient based on the lorenz curve and the percentile or share ratios.these measures try to capture the overall dispersion of income;however, theytend to place different levels of importance on the bottom, middle and top end of the distribution.

The Gini coeffcient uses information from the entire income distribution and is independent of the size of a countrys economy.

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