The graph below shows the Gini coefficients of OECD countries. Which of the four macroeconomic targets can you comment on by looking at Turkey's Gini coefficient? Does the chart show a ranking proportional to the development levels of the countries? Why or why not? What could be the reason why country performances differ from each other? And what can you suggest as a solution?

 

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Slovak Republic Slovenia Czech Republic 0 Iceland Norway Belgium Denmark Finland Austria Sweden Poland Hungary Germany Ireland France Netherlands Canada Estonia Luxembourg Greece Portugal Switzerland Spain Australia New Zealand Italy Japan South Korea Israel Latvia UK Lithuania United States Turkey Mexico Chile Costa Rica Gini coefficient 0.5 0.6 2019 Figure 3. Gini or late atest year( r (if coefficient fearlier) ent of income inequalit across OECD countries Data ata and more Slovak Republic Slovenia Czech Republic 0 Iceland Norway Belgium Denmark Finland Austria Sweden Poland Hungary Germany Ireland France Netherlands Canada Estonia Luxembourg Greece Portugal Switzerland Spain Australia New Zealand Italy Japan South Korea Israel Latvia UK Lithuania United States Turkey Mexico Chile Costa Rica Gini coefficient 0.5 0.6 2019 Figure 3. Gini or late atest year( r (if coefficient fearlier) ent of income inequalit across OECD countries Data ata and more

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The Gini coefficient is a measure of inequality of a distribution commonly used to measure income inequality The Gini coefficient ranges from 0 to 1 with 0 representing perfect equality where everyone ... View the full answer