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Which of these are responsible for measuring inequalities of income and wealth?
  • a)
    Gini index
  • b)
    HDI
  • c)
    Both (a) and (b)
  • d)
    None.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which of these are responsible for measuring inequalities of income an...
By far the most popular measure of income inequality, the Gini coefficient15,16,17,18 is derived from the Lorenz curve framework illustrated in figure 1​. Figure 1 The Lorenz curve framework (hypothetical data). The Lorenz curve shows the percentage of total income earned by cumulative percentage of the population.
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Which of these are responsible for measuring inequalities of income an...
Option A is correct as Gini coefficient method is used to measure inequalities of income and wealth.
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Which of these are responsible for measuring inequalities of income and wealth?a)Gini indexb)HDIc)Both (a) and (b)d)None.Correct answer is option 'A'. Can you explain this answer?
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