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      Question

      Gini coefficient is associated with which of the

      following measurements in an economy?
      A Rate of inflation Correct Answer Incorrect Answer
      B Poverty index Correct Answer Incorrect Answer
      C Income inequality Correct Answer Incorrect Answer
      D Personal income Correct Answer Incorrect Answer

      Solution

      β€’ In economics, the Gini coefficient is used to measure the income inequality among the residents of a nation. β€’ While a Gini Coefficient of 1 expresses maximum inequality, a Gini coefficient of zero expresses maximum equality. β€’ In India, the rate of inflation is measured using the Consumer Price Index (CPI).

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