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Gini Index is related to
- a)Infant mortality rate
- b)Income Inequality
- c)Health
- d)Education
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Gini Index is related toa)Infant mortality rateb)Income Inequalityc)He...
In economics, the Gini coefficient is a measure of
statistical dispersion
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Gini Index is related toa)Infant mortality rateb)Income Inequalityc)He...
Explanation:
The Gini Index is a statistical measure that represents the degree of income inequality in a society. It is a ratio ranging from 0 to 1, where 0 represents perfect equality (where everyone has the same income) and 1 represents perfect inequality (where one person has all the income and everyone else has none).
Relation to Income Inequality:
The Gini Index is directly related to income inequality. A higher Gini Index score indicates greater income inequality, while a lower score indicates more equality in income distribution. Therefore, option B is the correct answer as the Gini Index is related to Income Inequality.
Relation with other options:
Infant mortality rate, health, and education are social indicators that are related to the level of development and well-being of a society. However, they have no direct relationship with the Gini Index.
Conclusion:
In conclusion, the Gini Index is a measure of income inequality and is an important economic indicator used to evaluate the level of inequality in a society.
The Gini Index is a statistical measure that represents the degree of income inequality in a society. It is a ratio ranging from 0 to 1, where 0 represents perfect equality (where everyone has the same income) and 1 represents perfect inequality (where one person has all the income and everyone else has none).
Relation to Income Inequality:
The Gini Index is directly related to income inequality. A higher Gini Index score indicates greater income inequality, while a lower score indicates more equality in income distribution. Therefore, option B is the correct answer as the Gini Index is related to Income Inequality.
Relation with other options:
Infant mortality rate, health, and education are social indicators that are related to the level of development and well-being of a society. However, they have no direct relationship with the Gini Index.
Conclusion:
In conclusion, the Gini Index is a measure of income inequality and is an important economic indicator used to evaluate the level of inequality in a society.
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