3261EconomicsMedium
The Gini coefficient is?
Athe most common way of representing the income distribution graphically
Ba commonly used measure of the degree of inequality in an income distribution
Ca commonly used measure of the degree of inequity in an income distribution
Dthe ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families
Correct answer
D. the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families
Explanation
The correct answer is the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families.