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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

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

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