Answered

The Gini ratio, or Gini coefficient, is a measure of the:

A. number of households that are classified as being poor.
B. inflationary gap.
C. recessionary gap.
D. degree of income inequality.



Answer :

GinnyAnswer

Final answer:

The Gini coefficient is a measure of income inequality within a population, with 0 representing perfect equality and 1 representing complete income disparity.


Explanation:

The Gini coefficient, or Gini ratio, is a measure of income inequality within a population. It is calculated using financial indicators and is expressed as a decimal or percentage. A Gini coefficient of 0 represents perfect equality where everyone has the same income, while a coefficient of 1 signifies complete income disparity with one person holding all the income.


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