Question

Income inequalities in a country can be measured by ____________.

• A. lorenz curve
• B. gini coefficient
• C. proportion of income received by different size groups
• D. All of the above

Answer 1

The correct option is D All of the above

Income inequality in a country can be measured by the various methods like Lorenz curve, Gini coefficient etc.Lorenz curve is a graph depicting the variance of the size distribution of income from perfect equality and Gini coefficient is an aggregate numerical measure of income inequality ranging from zero (perfect equality) to one (perfect inequality).