The statistic employed to measure the degree of income inequality between nations or states within a nation is:
A) correlation coefficient
B) Gini index
C) Poverty index
D) Salvatori index

Question

Quizplus · Accepted Answer

The Gini index is a statistical measure of income inequality within a nation or region. It ranges from 0 to 1, with 0 representing perfect equality and 1 representing perfect inequality, where one individual has all the income and everyone else has none. It is the most commonly used measure of income inequality.

The Statistic Employed to Measure the Degree of Income Inequality