Is the Gini ratio for Australia larger or smaller than that for South Africa? Explain your answer.
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Is the Gini ratio for Australia larger or smaller than that for South Africa? Explain your answer.
The table shows shares of income in Australia.
Transcribed Image Text:
Households (quintile) Lowest Second Third Fourth Highest Income share (percentage of total) 7 13 18 24 38
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Australias Gini Ratio is likely smaller than South Africas Reasoning The Gini coefficient is a me...View the full answer
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