What is the 'Gini coefficient' used to measure?
Show answer
Income inequality
A Gini coefficient of 0 represents perfect equality, while 1 represents maximum inequality. It is a standard tool used by the World Bank and other organizations.
Would you remember this in 6 months?
Trivia Forge uses spaced repetition so facts stick. Free, no signup needed.
Practice Economics questions →More Economics trivia
- What is the most traded currency in the world?
- What is the name for the economic policy where a country exports more than it imports to build wealth?
- What is the name of the curve that illustrates income inequality within a population?
- What is the name of the curve that shows the relationship between unemployment and inflation?
- What economic concept describes how an initial change in spending produces a larger overall change in national income or output?
- What is the name of the economic principle that suggests 'bad money drives out good'?