What is the "Gini Index"?
A)An index that measures the cost and profit of the largest megacorporations in the world;this index calculates the value and cost of each corporation.
B)An income inequality index that measures how much disparity in income exists within a country.
C)An index which calculates how much pollution is expelled per person within a country.
D)A way of measuring global caloric output and distribution of food as a way of predicting malnutrition and obesity worldwide.
E)An index that is used by the United Nations as a way of evaluating the political situation in each country;those with higher numbers on the index are more prone to human rights abuses.

Question

Quizplus · Accepted Answer

The Gini Index is an income inequality index that measures how much disparity in income exists within a country. It ranges from 0 (perfect equality where everyone has the same income) to 1 (perfect inequality where one person has all the income).

What Is the "Gini Index