Table 14.1 Incomes in Pololand
$$\begin{array} { l l l l l }
& \text { Period 1 } & \text { Period 2 } & \text { Period 3 } & \text { Period 4 } \
\hline \text { Thomas } & \$ 50,000 & \$ 40,000 & \$ 60,000 & \$ 100,000 \
\text { Nina } & \$ 40,000 & \$ 40,000 & \$ 40,000 & \$ 80,000 \
\text { Becky } & \$ 30,000 & \$ 30,000 & \$ 30,000 & \$ 60,000 \
\text { Rose } & \$ 20,000 & \$ 20,000 & \$ 20,000 & \$ 40,000 \
\text { Charlie } & \$ 10,000 & \$ 20,000 & \$ 0 & \$ 20,000 \
\hline
\end{array}$$
-According to Table 14.1,in which period is the Gini coefficient lowest?

Question

Table 14.1 Incomes in Pololand
 $$\begin{array} { l l l l l } 
& \text { Period 1 } & \text { Period 2 } & \text { Period 3 } & \text { Period 4 } \
\hline \text { Thomas } & \$ 50,000 & \$ 40,000 & \$ 60,000 & \$ 100,000 \
\text { Nina } & \$ 40,000 & \$ 40,000 & \$ 40,000 & \$ 80,000 \
\text { Becky } & \$ 30,000 & \$ 30,000 & \$ 30,000 & \$ 60,000 \
\text { Rose } & \$ 20,000 & \$ 20,000 & \$ 20,000 & \$ 40,000 \
\text { Charlie } & \$ 10,000 & \$ 20,000 & \$ 0 & \$ 20,000 \
\hline
\end{array}$$
-According to Table 14.1,in which period is the Gini coefficient lowest?

Quizplus · Accepted Answer

The Gini coefficient measures income inequality within a population, ranging from 0 (perfect equality) to 1 (perfect inequality). In Period 2, all individuals except Charlie have the same income, and Charlie's income increases, reducing overall income inequality compared to other periods. This makes the income distribution more equal than in other periods, suggesting the Gini coefficient would be lowest in Period 2.

Table 141 Incomes in Pololand -According to Table 14