A statistical tool used to measure income inequality is
A)the Herfindahl-Hirschman index.
B)the Gini coefficient.
C)the absolute poverty rate.
D)the relative poverty rate.

Question

Quizplus · Accepted Answer

The Gini coefficient is a commonly used statistical tool for measuring income inequality. It measures the extent to which the distribution of income deviates from a perfectly equal distribution, ranging from 0 (perfect equality) to 1 (perfect inequality). The other options mentioned are not specifically used to measure income inequality.

A Statistical Tool Used to Measure Income Inequality Is