A high Gini score for a nation means that The nation is highly economically developed The nation has...........

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A high Gini score for a nation means that

The nation is highly economically developed
The nation has high economic inequality

Which of the above is/are correct?

1 only

2 only

Both 1 and 2

None

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Explanation:

Gini coefficient is intended to represent the income distribution of a nation's residents, and is the most commonly used measure of inequality. A nation with a Gini score of 0 has perfect income equality, and score of 100 has perfect inequality (i.e. all the wealth is owned by a single person). If Gini coefficient of a Nation is high, there is no guarantee that the Nation will be wealthy or poor.