Question

question 6
1 pts
a gini coefficient of ____ means that the income distribution is perfectly equal and a gini coefficient of ____ means the income distribution is perfectly unequal.
0 - 1
00 - 1
0 1
0.102

question 7
1 pts
suppose the united states has a gini coefficient of 0.4 and sweden has a gini coefficient of 0.25. which of the following statements is true?
without information on population, it is not possible to compare income - distribution between countries.
the distribution of income is more equal in sweden.
income distribution is changing faster in the united states.
the distribution of income is more equal in the united states.

Explanation:

The Gini coefficient ranges from 0 to 1. A Gini coefficient of 0 means perfect income equality, and a Gini coefficient of 1 means perfect income inequality. For the second question, a lower Gini coefficient indicates more equal income - distribution. Since Sweden's Gini coefficient (0.25) is lower than that of the United States (0.4), income distribution is more equal in Sweden.

Answer:

Question 6: A Gini coefficient of 0 means that income distribution is perfectly equal and a Gini coefficient of 1 means the income distribution is perfectly unequal.
Question 7: C. Income distribution is more equal in Sweden.