Table 20-5

*A Gini coefficient is a commonly used measure of income inequality, with values between 0 and 1 (0 corresponds to perfect equality whereby everyone has exactly the same income, and 1 corresponds to perfect inequality where one person has all the income, while everyone else has zero income).
Source: The World Bank
-Refer to Table 20-5.Which country has the most unequal income distribution?

Question

Table 20-5
  
*A Gini coefficient is a commonly used measure of income inequality, with values between 0 and 1 (0 corresponds to perfect equality whereby everyone has exactly the same income, and 1 corresponds to perfect inequality where one person has all the income, while everyone else has zero income).
Source: The World Bank
-Refer to Table 20-5.Which country has the most unequal income distribution?

Quizplus · Accepted Answer

Latvia is known to have a higher level of income inequality compared to the other countries listed, as indicated by measures such as the Gini coefficient.

Table 20-5 *A Gini Coefficient Is a Commonly Used Measure of Income