Explain Gini co-efficient.

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Solution

The Gini co-efficient was proposed by Italian statistician Corrado Gini in 1912 as a measure of inequality of income and wealth, i.e., as a measure of relative poverty. The coefficient varies between 0 which reflects complete equality, and 1, which indicates complete inequality. India's Gini Index is 0.339.

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Similar questions

If income is distributed evenly, the Gini co-efficient is:

Write the co-efficient as indicated below:

1. In 27 abc

(a) The numerical co-efficient of abc ________.

(b) Algebraic co-efficient of 27 ab ________.

(d) Algebraic co-efficient of 27 bc _______.

(e) Algebraic co-efficient of 27 _______.

2. In

(a) Numerical co-efficient of xy²z _______.

(b) Algebraic co-efficient of_______.

(d) Algebraic co-efficient of_______.

(e) Algebraic co-efficient of_______.

The Gini coefficient measures

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