The Gini ratio is a measure of the distribution of income across a population. A higher Gini ratio indicates greater inequality, with high-income individuals receiving larger shares of the total income of the population. Consider the graph in the LMS of the Gini ratio in the US from 1967 to the present. Describe the trend of the Gini ratio. What was its value in 1967? What is its value now? Describe the direction of the Gini ratio from 1967 to the present - was it continually moving in the same direction? Were there dramatic changes at some times, or was the trend a more gradual one?

 

Transcribed Image Text:

41 40 39 30 37 36 35 1965 1970 1963 - 2021 1975 III 1980 1985 1990 1995 2000 2005 2010 UNITED STATES 2015 2020 XIII 41 40 39 30 37 36 35 1965 1970 1963 - 2021 1975 III 1980 1985 1990 1995 2000 2005 2010 UNITED STATES 2015 2020 XIII

Answer rating: 100% (QA)

Based on the graph youve provided we can analyze the trend of the Gini ratio in the United States fr... View the full answer