What will be the most suitable method if World bank wants to measure the degree of inequality in the distribution of income and wealth among different countries of the world.
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The most commonly used inequality measures are the Gini coefficient (based on the Lorenz curve) and the percentile or share ratios. These measures try to capture the overall dispersion of income; however, they tend to place different levels of importance on the bottom, middle and top end of the distribution.
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