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

Economic and Social Issues Growth and development

Download Solution PDF

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

छोटे Courses बड़े Results

Master Growth and development

Prepare through Micro-courses

Try Now

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.