Question 3(a)
[Maximum number: 8]
The Gini coefficient for South Korea was estimated to be 0.39 in 2019 and 0.33 in 2022.
Explain what this data means, how it might be used by the government of South Korea and consider its usefulness.
CAIE A-Level Economics 3.3.2 Gini coefficient
Practise interpreting Gini coefficient figures, ranges and changes in inequality using country data and policy-use questions.
How this is tested
- interpret whether a higher, lower or falling Gini coefficient shows more equality
- describe the Gini range from perfect equality to maximum inequality
- evaluate how governments might use Gini data and why it has limits