Asked by Jesmile arvelaez on Apr 24, 2024
Verified
The Gini Index directly measures:
A) income inequality
B) gross domestic product
C) economic hard power
D) military hard power
Gini Index
The Gini Index is a statistical measure used to gauge economic inequality within a country, representing the income or wealth distribution among that country’s residents.
Income Inequality
The unequal distribution of income within a population, resulting in a gap between the richest and poorest individuals or households.
- Gain an understanding of the Gini Index and its crucial function in assessing income inequality.
Verified Answer
AS
Abhishek Singh8 days ago
Final Answer :
A
Explanation :
The Gini Index is a measure of income inequality within a population. It calculates the distribution of income among individuals or households in a country and provides a score between 0 and 1, with 0 indicating perfect equality and 1 indicating perfect inequality. Therefore, the Gini Index directly measures income inequality.
Learning Objectives
- Gain an understanding of the Gini Index and its crucial function in assessing income inequality.