🎴 Flashcard Mode
Economic Inequality and Social Welfare
Card1 / 14
Mastered0
Review0
QuestionClick to flip
What is the most commonly used measure of economic inequality?
AnswerClick to flip back
A
Gini coefficient
💡 Explanation:
The Gini coefficient is a widely used measure of economic inequality that ranges from 0 to 1, with 0 representing perfect equality and 1 representing perfect inequality.