If Country X has a Gini coefficient of 0.7 and Country Y has a Gini coefficient of 0.4, which of the following is correct?a.Both countries have an equal income distribution.b.Country X has a higher degree of inequality.c.Country Y has a higher degree of inequality.d.None of the above.

Lorenz Curve and Gini Coefficient Explained | Measure of Income I... | Channels for Pearson

Gini Coefficient: Simple Definition

Inequality: The Gini Coefficient

in the sample graph of an income distribution below the gini coefficient is twice the area below the 45 degree line and above the lorenz curve shown as the sum of areas vwxyz of population u 88302

CNA Explains: The Gini coefficient and what it means in terms of income inequality

SOLVED: 2) A country with a GDP of $ 230 billion has a Gini Coefficient of 0.001 and a population of 340 million. What is the approximate amount of the income that each family now has?

CNA Explains: The Gini Coefficient and what it means in terms of income inequality