The identifies the income at which half of the population earns more and half of the population earns less. choose one answer. a. mean household incomeb. poverty levelc. median household incomed. gini coefficient

c. median household income

Explanation:

Median household income is the amount that divides the distribution of income into two equal groups: half has income above this amount, and the other half has income below this amount.

Mean household(average) income (average) is the amount obtained by dividing the total aggregate income of the group by the number of units in this group.

The poverty level is the minimum amount of income required to live at an adequate standard of living. Almost all countries have poor citizens. The poverty line constitutes an economic tool used to make decisions about the situations of these individuals or to work on issues related to poverty prevention.

The Gini coefficient measures the inequality amount values of a frequency distribution (for example, income levels). The Gini coefficient is a factor for measuring whether the distribution of national income is equal in a country. The coefficient takes values between 0 and 1, and higher values correspond to greater inequality. For example, in a society where everyone has the same income, the Gini coefficient is 0, whereas a society where all income is collected in one person (more than one member) is 1. The Gini coefficient is found by dividing the area above the Lorenz curve by the entire area below the 45-degree equality line. While the Gini coefficient can be used to investigate inequality in disciplinary institutions, it is also used in various fields such as sociology, economics, ecology, engineering, agriculture.