Assume that Denmark has a Gini co-efficient of 0.2. This means that it has a(n): (1) Equal distribution of income; (2) Unequal distribution of income; (3) Perfectly equal distribution of income; (4) Perfectly unequal distribution of income

Assume that Denmark has a Gini co-efficient of 0.2. This means that it has a(n): (1) Equal distribution of income; (2) Unequal distribution of income; (3) Perfectly equal distribution of income; (4) Perfectly unequal distribution of income

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Income Inequality And Poverty

Section: Chapter Questions

Problem 2CQQ

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Multiple choice question

Assume that Denmark has a Gini co-efficient of 0.2. This means that it has a(n):
(1) Equal distribution of income;
(2) Unequal distribution of income;
(3) Perfectly equal distribution of income;
(4) Perfectly unequal distribution of income.

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