gvA Update

Income Distribution in Africa Income inequality is a major issue facing the world today, as it is placing a vicious and widening wedge between the rich and the poor and even undermining the competitiveness of small and medium enterprises, who often find real estate and property values bid up by the ultra rich of society. The GINI Index measures the extent to which the distribution of income (or, in some cases, consumption expenditure) among individuals or households within an economy deviates from a perfectly equal distribution. So the gini index for a country can range from zero suggesting perfect equality in income distribution to 100 where there is perfect inequality. In this connection, 1-Which of the following African countries has the highest GINI index? 1. South Africa 2. Namibia 3. Angola and 4. Nigeria. 2-Which of the following African countries has the lowest Gini index ? 1. Nigeria 2. Botswana 3. Rwanda and 4. Zambia ANSWERS 1. Among the countries shown, Namibia has the highest gini index, reflecting a relatively more unequal income distribution, compared to the other countries listed here. 2. Among the countries listed, Nigeria has the lowest gini index, reflecting a relatively more equal income distribution, compared to the other countries shown here.

 

Posted: Aug 25th, 2015 @ 02:45:02 AM