For the United States in 2012,a Gini coefficient of 0.47 suggests that:

A) the United States has almost achieved income equality.
B) the average household income is $47,000.
C) compared with most European countries,the United States has unusually high levels of income inequality.
D) the median household income for the United States is $47,000.

Gini Coefficient

A measure ranging from 0 to 1 that indicates the degree of income inequality in a given population, with 0 expressing perfect equality and 1 indicating maximum inequality.

Income Equality

A situation in which earnings are distributed evenly across a population, minimizing the gap between the highest and lowest incomes.

European Countries

Nations located within the continent of Europe, each characterized by its own government, culture, and economic system.