If everyone in an economy had the exactly same level of income,what would the value of the Gini coefficient?
A) 0.0
B) 0.5
C) 1.0
D) infinity.

Name: If everyone in an economy had the exactly same level of income,what would the value of the Gini coefficient? A) 0.0 B) 0.5 C) 1.0 D) infinity.
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Question

Quizplus · Accepted Answer

If everyone in an economy had the exactly same level of income, there would be no income inequality, hence the value of the Gini coefficient would be 0.0.

If Everyone in an Economy Had the Exactly Same Level