Which of the following is NOT true about the Gini coefficient? Countries with higher Gini coefficients are less developed than those with lower Gini coefficients An increase in the Gini coefficient means that there is more inequality in a country It is equal to 2 times the area above the Lorenz curve and under the line of equality It cannot be less than zero nor greater than 1.

Which of the following is NOT true about the Gini coefficient? Countries with higher Gini coefficients are less developed than those with lower Gini coefficients An increase in the Gini coefficient means that there is more inequality in a country It is equal to 2 times the area above the Lorenz curve and under the line of equality It cannot be less than zero nor greater than 1.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Which of the following is NOT true about the Gini coefficient?
Countries with higher Gini coefficients are less developed than those with lower Gini coefficients
An increase in the Gini coefficient means that there is more inequality in a country
It is equal to 2 times the area above the Lorenz curve and under the line of equality
It cannot be less than zero nor greater than 1.

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