2019 · Q91
Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy ?
General KnowledgeIndian Economy
- ARate of inflation
- BPoverty index
- CIncome inequality
- DPersonal income
Explanation
The Gini coefficient (Gini ratio) measures income — or wealth — inequality within an economy, ranging from 0 (perfect equality) to 1 (maximal inequality). It is not a measure of income level, literacy or agricultural growth. Hence income inequality in an economy.