$\begin{array}{|c|c|}
\hline \text { Year } & \text { Gini Coefficient } \
\hline 1 & 0.38 \
\hline 2 & 0.36 \
\hline 3 & 0.43 \
\hline 4 & 0.42 \
\hline
\end{array}$
-If each quintile of households has 20% of all income, the Gini coefficient is

Question

Quizplus · Accepted Answer

The Gini coefficient measures income inequality within a population, ranging from 0 (perfect equality, where each quintile of households has exactly the same income) to 1 (perfect inequality, where one household has all the income). If each quintile of households has 20% of all income, it represents a situation of perfect equality, hence the Gini coefficient would be 0.

-If Each Quintile of Households Has 20% of All Income