Question

Suppose that the United States has a Gini ratio of 0.41 while Sweden has a Gini ratio of 0.31. Which country has a more equal distribution of income?

Answer 1

Sweden

Step-by-step explanation:

The GINI ratio is used to measure the inequality in the distribution of income in a country. The lower the GINI index, the more there is equal distribution of income. In this case, Sweden has a lower GINI ratio than United States thus there is more equal distribution of income in Sweden compared to the US.