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Category - Economics

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Which of the following is true of countries that have high Gini indices?
  1. Most of the wealth is concentrated in a small segment of society.
  2. They have achieved a high degree of gender equality.
  3. They are on track to meet the UN Millennium Development Goals.
  4. They exhibit a high standard of living.
Explanation
Answer: A - A country with a high Gini index concentrates most of the wealth in a small segment of society. The Gini is a measure of wealth inequality. An index of one would represent perfect equality. The most equal countries in existence have Gini indices in the high teens and low twenties; the least equal have indices in the sixties. The US Gini index is in the high forties.
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