SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    The Gini Coefficient is used to measure what?

    A)  Inequality of income or health

    B)  Unemployment Rate

    C)  Environmental Pollution

    D)  Biodiversity distribution

    Correct Answer: A

    Solution :

    [a] Inequality of income or health 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.

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