In Kesberil, a country in Western Europe, there is equal distribution of wealth. Every resident of the country has the same income level. Given this information, it can be said that Kesberil has a Gini coefficient of _____.
A) zero
B) one
C) hundred
D) fifty

Question

Quizplus · Accepted Answer

The Gini coefficient is a measure of income inequality within a population, ranging from 0 (or 0%) to 1 (or 100%), where 0 represents perfect equality (everyone has the same income) and 1 represents perfect inequality (one person has all the income, and everyone else has none). Since Kesberil has equal distribution of wealth among all residents, its Gini coefficient would be 0, indicating perfect equality.

In Kesberil, a Country in Western Europe, There Is Equal