Use the following table,which represents the distribution of income in the countries of Traubia and Ginsland,to answer the following questions:

-What is the degree of income inequality in Ginsland?

Question

Use the following table,which represents the distribution of income in the countries of Traubia and Ginsland,to answer the following questions:
 
-What is the degree of income inequality in Ginsland?

Quizplus · Accepted Answer

The degree of income inequality in a country can be measured by the Gini coefficient. The Gini coefficient ranges from 0, indicating perfect equality (where everyone earns the same amount), to 1, indicating perfect inequality (where one person earns all the income). In Ginsland, the Gini coefficient is 0.3, which indicates a relatively low level of income inequality compared to Traubia, where the Gini coefficient is 0.6. Therefore, option B is the best choice as it correctly identifies the degree of income inequality in Ginsland.

Use the Following Table,which Represents the Distribution of Income in the Countries