Asked by
Cindy Campos
on Nov 05, 2024
Verified
A Gini coefficient of ________ means that one family has all the income and everyone else has nothing.
A) 0
B) 1
C) 100
D) infinity
Gini Coefficient
A scale assessing the distribution of income among a population, where 0 denotes total equality and 1 indicates complete disparity.
Income
Periodic financial returns from work engagements or investments.
- Acknowledge the significance of the Gini coefficient in quantifying disparities in income.
Verified Answer
JS
Learning Objectives
- Acknowledge the significance of the Gini coefficient in quantifying disparities in income.