3 The Gini coefficient Aa Aa Which of the following statemen

3. The Gini coefficient Aa Aa Which of the following statements about the Gini coefficient is true? Check all that apply. The Gini coefficient measures a country\'s economic insecurity If all a country\'s income went to just one person, the Gini coefficient would be 0. The Gini coefficient is based on how disparately income is distributed across the quintiles. ? The United States has very low value of the Gini coefficient and is close to those in European countries. A country with a perfectly equal distribution of income would have a Gini coefficient of 0. Suppose that Spain has a Gini coefficient of 0.5, France has a Gini coefficient of 0.4, and Germany has a Gini coefficient of 0.3. Based on this information, which of the following statements about income inequality in the three countries are correct? Check all that apply. The lowest quintile of Spain\'s income distribution is poorer in absolute terms than the lowest quintile of France\'s income distribution. Germany has a lower degree of income inequality than France or Spain. The lowest quintile of Spain\'s income distribution earns a lower percentage of the aggregate Spanish income than the lowest quintile of Germany\'s income distribution does of the aggregate German income. Spain has a lower degree of income inequality than France and Germany. The lowest quintile of France\'s income distribution is poorer in absolute terms than the lowest quintile of Germany\'s income distribution

Solution

3. The correct answers are C and D. The Gini coefficient shows a measure pf inequality.

The correct answer is B.