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A value of zero on Gini Coefficient indicates-
- a)Perfect Equality
- b)Perfect Inequality
- c)No change
- d)Equilibrium
- e)None of the above
Correct answer is option 'A'. Can you explain this answer?
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A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Per...
The correct answer is a) Perfect Equality.
The Gini Coefficient is a measure of income inequality in a society. It ranges from 0 to 1, with 0 indicating perfect equality and 1 indicating perfect inequality. A value of 0 on the Gini Coefficient means that everyone in the society has the same income, while a value of 1 means that one person has all the income and everyone else has none.
Option b) Perfect Inequality is incorrect because a value of 1 on the Gini Coefficient indicates perfect inequality, not a value of 0. Option c) No change is incorrect because the Gini Coefficient is a measure of income inequality, not a measure of change. Option d) Equilibrium is incorrect because the Gini Coefficient is a measure of income inequality, not a measure of equilibrium. Option e) None of the above is not a valid option because the answer must be one of the given choices.
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A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A value of zero on Gini Coefficient indicates-a)Perfect Equalityb)Perfect Inequalityc)No changed)Equilibriume)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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