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What is the gini index

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Reference no: EM132941688

Problem 1: What is the Gini Index? Look at the latest available ranking. What is Jamaica's ranking (1) in the world and (2) in Central America & the Caribbean? Compare Jamaica with Trinidad; interpret your findings. Do you think that the Gini Index is an adequate measure of a country's standard of living? Support your position.

Problem 2: "Income alone is not an adequate measure of the standard of living." Do you agree with this statement? What is the Human Development Index (HDI)? What factors are considered in compiling the HDI? Discuss Jamaica's position on the latest ranking of countries. Compare Jamaica with Trinidad; interpret your findings.

Reference no: EM132941688

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