Maximum income inequality can be expressed with a:
A) Gini coefficient of 0.
B) Lorenz coefficient of 0.
C) Gini coefficient of 1.
D) Lorenz coefficient of 1.

Question

Quizplus · Accepted Answer

The Gini coefficient is a measure of income inequality within a population, ranging from 0 (or 0%) to 1 (or 100%), where 0 represents perfect equality (everyone has the same income) and 1 represents perfect inequality (one person has all the income, and everyone else has none). Therefore, a Gini coefficient of 1 expresses maximum income inequality.

Maximum Income Inequality Can Be Expressed with A