Which among the following Gini coefficients exhibits the highest equality?
Show Hint
- 0.1
- 0.2
- 0.5
- 0.6
The Correct Option is A
Solution and Explanation
The Gini coefficient is a measure of income inequality within a population. A Gini coefficient of 0 indicates perfect equality, while a Gini coefficient of 1 indicates perfect inequality. Step 2: Analyzing the options.
- (A) 0.1: A Gini coefficient of 0.1 indicates a high level of equality.
- (B) 0.2: A Gini coefficient of 0.2 also indicates equality, but it is slightly less equal than 0.1.
- (C) 0.5: A Gini coefficient of 0.5 indicates a moderate level of inequality.
- (D) 0.6: A Gini coefficient of 0.6 indicates a higher level of inequality than 0.5.
Step 3: Conclusion.
The correct answer is (A) 0.1, as it represents the highest equality among the options provided.
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