Asked by
Karen Arellano
on Oct 26, 2024Verified
If a nation's Gini coefficient is rising over time,it is an indicator of a(n) :
A) increase in the poverty rate.
B) decrease in the poverty rate.
C) increase in income inequality.
D) decrease in income inequality.
Gini Coefficient
An index measuring the degree of income inequality in a population, ranging from 0 (perfect equality) to 1 (maximum inequality).
Income Inequality
The uneven distribution of income within a population.
- Explain the significance of the Gini coefficient as a measure of income inequality.
Verified Answer
KD
Learning Objectives
- Explain the significance of the Gini coefficient as a measure of income inequality.