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Inequality and Externality

The Gini coef...

Question

The Gini coefficient is a measure of .

A

market efficiency

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B

product preference

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C

income inequality

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D

market power

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Solution

The correct option is C income inequality
The Gini coefficient is a measure of income inequality.

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Similar questions

The Gini coefficient measures

Q. Consider the following statements:
1. Gini coefficient is commonly used to measure the inequality of wealth.
2. The Gini coefficient with a value of 1 expresses total equality and a value of 0 expresses maximum inequality.
Which of the statements given above is/are correct?

Q. Consider the following statements:

Which of the statements given above is/are correct?

1 only
Neither 1 nor 2
2 only
Both 1 and 2

Q. GINI index is measure of __________.

Q. Consider the following statements with respect to Lorenz curve
1. The larger the area under the curve, lesser is the inequality
2. Gini coefficient gives a measure of this inequality

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