The Gini Coefficient

question 110

Multiple Choice

The Gini coefficient:

• A)varies between 0 and 1.
• B)is also equal to the mean household income for a country.
• C)is often the same for most industrially developed countries.
• D)is seldom used, since it does not help one understand income inequality.

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Definitions:

Confidence Interval

A spectrum of numbers obtained from sample observations which is expected to include the value of an unidentified population parameter, given a certain confidence degree.

Confidence Interval

A range of values within which there is a specified probability that the true parameter value lies.

Population Standard Error

A measure that estimates the variability or dispersion of a population parameter based on a sample.

Mean

The average of a set of numbers, calculated by adding all the values together and dividing by the number of values.