The Gini coefficient is a measure of the distribution of income across a population. The Gini coefficient, which was developed by the Italian statistician Corrado Gini in 1912, is often used as a gauge of economic inequality, measuring income distribution or wealth distribution among a population. Give your opinion on the following.

a. Do you think economic inequality is an important issue in society? Explain your answer. b. Is there a trade-off between equity (equality) and efficiency? Explain your answer. c. Which is more important: equity (equality) or efficiency? Explain.