Answer to Question #205364 in Economics for Reggi

Question

Which of the following statement(s) is/are correct concerning the Gini coefficient?

[a] The Gini coefficient is used to measure income inequality in a country.

[b] The Gini coefficient is always 0 around the globe.

[c] A country with a Gini coefficient of 0,77 is regarded as a very unequal society.

[d] The value of the Gini coefficient typically lies between 0 and 100.

[1] b

[2] a d

[3] a c

[4] a c d

Answer 1

The only incorrect statement is that the Gini coefficient is always 0 around the globe, because 0 means full equality of income, which is impossible.

So, the correct answer is [4] a c d.