Perfect income equality can be expressed with a:
A) Gini coefficient of 0.
B) Lorenz coefficient of 0.
C) Gini coefficient of 1.
D) Lorenz coefficient of 1.

Question

Quizplus · Accepted Answer

The Gini coefficient is a measure of income inequality within a population, ranging from 0 (or 0%) for complete equality, where everyone has the same income, to 1 (or 100%) for complete inequality, where one person has all the income and everyone else has none. Therefore, a Gini coefficient of 0 represents perfect income equality.

Perfect Income Equality Can Be Expressed with A