Suppose,the Canadian Gini coefficient was 0.47.This suggests that:

Question

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A Gini coefficient of 0.47 suggests that Canada has relatively high levels of income inequality compared to most European countries. A perfect income equality would have a Gini coefficient of 0, whereas a high income inequality would have a Gini coefficient closer to 1. The answer B and D are not accurate assumptions based on the given information. Option A is clearly incorrect as a Gini coefficient of 0.47 doesn't represent income equality.

Suppose,the Canadian Gini Coefficient Was 0.47.This Suggests That