Given below are two statements: Assertion (A): A Gini Coefficient of 0 denotes perfect equality and a value of 1 denotes maximum inequality. Reason (R): Gini Coefficient is measured as the ratio of the area between the Lorenz Curve and the line of perfect equality to the total area below the line of perfect equality. Choose the correct answer:

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Economics · Poverty and Inequality

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both A and R are true, and R is the correct explanation of A

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Answer 1

A is false but R is true

Answer 2

Both A and R are true, and R is the correct explanation of A

Answer 3

A is true but R is false

Answer 4

Both A and R are true, but R is NOT the correct explanation of A

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