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.

Inequality: The Gini Coefficient

SOLVED: What is the approximate Gini coefficient associated with the following income distribution?(a) 0.08(b) 0.13(c) 0.23(d) 0.34(e) 0.48Household Percentile Share of Income Cumulative Share of Income 20th 0.05 0.05 40th 0.10 0.15 60th 0.20 0.35 80th 0.25 0.60 100th 0.40 1.00

Gini Coefficient: Simple Definition

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