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Which one of the following statements about the Gini coefficient is FALSE? It ranges from zero to one. The closer the Gini coefficient to zero,

Which one of the following statements about the Gini coefficient is FALSE?

It ranges from zero to one.

The closer the Gini coefficient to zero, the lower the level of inequality.

The closer the Gini coefficient to one, the greater the level of inequality.

A Gini coefficient of

0.5

means that the bottom

50 %

of the population earn

50 %

of total income.

A Gini coefficient equal to one depicts the case of absolute inequality.

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