The Gini coefficient sometimes expressed as a Gini ratio or a normalized Gini index is a measure of ...........

Economic Affairs Development and Indicators

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The Gini coefficient (sometimes expressed as a Gini ratio or a normalized Gini index) is a measure of

1. Inflation in developed countries

2. Income Distribution

3. Gender Inequality

Select the correct code

1 and 2 only

2 and 3 only

1 and 3 only

2 only

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Explanation:

Gini coefficient represents the income distribution of a country’s residents. It was developed by the Italian statistician and sociologist Corrado Gini. It measures the inequality. The coefficient ranges from zero to one, with zero representing perfect equality and one showing perfect inequality. The more the inequality, the more is Gini Coefficient. The more is the value of Gini Coefficient, the more is gap between rich and poor.