Economics · Indian Economy and Inequality
Consider the following statements: 1. The Gini Index is a graphical representation of the distribution of income or of wealth. 2. The higher the Gini Index, the greater the degree of income equality. 3. The value of the Gini Index has increased among regular workers while it decreased among casual workers in India as per the India Wage Report. Which of the statement(s) given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2
- 22 and 3
- 33 only✓
- 4All 1, 2 and 3
Correct answer
3 only
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