What does a Gini index number of 0.8 suggest?
A) Individuals in the nation have 100 percent inequality.
B) Individuals in the nation have a startlingly high level of inequality.
C) Individuals in the nation have an incredibly low level of inequality.
D) Individuals in the nation have no inequality whatsoever.

Question

Quizplus · Accepted Answer

A Gini index number of 0.8 suggests that individuals in the nation have a startlingly high level of inequality. The Gini index ranges from 0 to 1, where 0 represents perfect equality (all individuals have equal income or wealth) and 1 represents perfect inequality (one individual or group has all the income or wealth). A score of 0.8 indicates a significant concentration of income or wealth in the hands of a few individuals or groups.

What Does a Gini Index Number of 0