Income distribution across the world is highly uneven,hence the corresponding Gini coefficient is very small.

Question

Quizplus · Accepted Answer

The statement is incorrect. Income distribution across the world is highly uneven, hence the corresponding Gini coefficient is high, not small. The Gini coefficient measures the inequality among values of a frequency distribution, in this case, the distribution of income among individuals or households in a country or across the world. A Gini coefficient of zero represents perfect equality (everyone has the same income) and a Gini coefficient of 1 represents maximum inequality (one person has all the income, while everyone else has none).

Income Distribution Across the World Is Highly Uneven,hence the Corresponding