The Gini coefficient in 2022 for China & South Africa was 0.45 & 0.54 respectively ln 2023 it changes to G40& 0.61 respectively. Which statement is correct? a)South Africa's inequality increased b) Chinas inequality increased c) Chinas inequality decreased more than South Africa's inequality increased d)South Africa's inequality decreased
The Gini coefficient in 2022 for China & South Africa was 0.45 & 0.54 respectively ln 2023 it changes to G40& 0.61 respectively. Which statement is correct? a)South Africa's inequality increased b) Chinas inequality increased c) Chinas inequality decreased more than South Africa's inequality increased d)South Africa's inequality decreased
Chapter33: Income, Income Distribution, And Poverty
Section: Chapter Questions
Problem 12E
Related questions
Question
The Gini coefficient in 2022 for China & South Africa was 0.45 & 0.54 respectively ln 2023 it changes to G40& 0.61 respectively. Which statement is correct?
a)South Africa's inequality increased
b) Chinas inequality increased
c) Chinas inequality decreased more than South Africa's inequality increased
d)South Africa's inequality decreased
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you


Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning


Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning


Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning

Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning