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What is Gini coefficient used for?...

What is Gini coefficient used for?

A

To measure income equality

B

To measure income inequality

C

To measure distribution of income

D

To measure profit and loss

Text Solution

Verified by Experts

The correct Answer is:
B
To measure income inequality Explanation: Gini coefficient is used to measure income inequality. A value of ‘0’ represents absolute equality, a value of 100 represents absolute inequality.
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  19. What is Gini coefficient used for?

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