Gini Coefficient: Simple Definition

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.

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Inequality: The Gini Coefficient

SOLVED:the gini index or gini coefficient is a popular measure of economic inequality, named after Italian statistician

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