Question

1. If one person has all the income and everyone else has none, the Gini ratio is zero.              

Answer:

Reason

Answer 1

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Question:

Answer:

Gini ratio or Gini coefficient is statistical tool to measure of inequality or the distribution of income among the population of a specific area. We can measure the income inequality or distribution of income among the population through this measurement. This is a statistical measurement and measure the inequality or the distribution of income within a range of 0 to 1. Here, 0 representing perfect equality and 1 representing perfect inequality. It means if the Gini ratio of a country is zero, the income is equally distributed among the population and if the Gini ratio of a country is 1 then it means a country in which one resident earned all the income, while everyone else earned nothing.

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