Post Utme Ksu 2020 Economics Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Ksu Economics examination.

Post Utme Ksu 2020 Economics Objective / Multiple Choice
Question 25 POST_UTME_KSU • 2020 • ECONOMICS • objective

A government is considering implementing a policy to reduce income inequality. U\sing the concept of Lorenz curve, determine the Gini coefficient of income distribution in a country with the following income distribution: 20% of the population has an income of $10,000, 30% has an income of $20,000, 20% has an income of $30,000, and 30% has an income of $40,000.

Answer Options

A. 0.2
B. 0.3
Correct Answer C. 0.4
D. 0.5
Correct Answer
C
Correct Option:
0.4

About This Question

This is Post Utme Ksu 2020 Economics Question 25. It is one of the objective questions from the 2020 Post Utme Ksu Economics examination.

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