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30 August, 14:53

Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.31. Which country has a more equal distribution of income?

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  1. 30 August, 18:12
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    Sweden

    Explanation:

    The GINI ratio is used to measure the inequality in the distribution of income in a country. The lower the GINI index, the more there is equal distribution of income. In this case, Sweden has a lower GINI ratio than United States thus there is more equal distribution of income in Sweden compared to the US.
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