5. Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have: a. virtually the same number of households in absolute poverty. b. virtually the same percentage of households in absolute poverty. c. virtually the same level of the Human Development Index. d. none of the above.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter15: The Distribution Of Income And Poverty
Section: Chapter Questions
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5. Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it
is possible to conclude that both Egypt and Australia have:
a. virtually the same number of households in absolute poverty.
b. virtually the same percentage of households in absolute poverty.
c. virtually the same level of the Human Development Index.
d. none of the above.
Transcribed Image Text:5. Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have: a. virtually the same number of households in absolute poverty. b. virtually the same percentage of households in absolute poverty. c. virtually the same level of the Human Development Index. d. none of the above.
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