Question

The Gini index for each of 3 nations is listed below. Which nation has an income...

The Gini index for each of 3 nations is listed below. Which nation has an income distribution that is more equally distributed?

Nation A: 0.58 Nation B: 0.65 Nation C: 0.41

Math   Calculus   
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Answer #1

The Gini index is a simple measure of the distribution of income across income percentiles in a population.

It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality.

Hence lower index means more equal distribution so Nation (c) would be the correct answer.

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