Question
A Gini coefficient exceeding 0.40 typically indicates
which of the following?Solution
The Gini coefficient is a statistical measure used to gauge economic disparities, with values ranging from 0 (perfect equality) to 1 (perfect inequality). A Gini coefficient above 0.40 is generally considered indicative of high income or wealth inequality. This metric is critical for analyzing economic health and societal balance.
What does the “E” stand for in OECD.
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