Economics · Measures of Inequality
The Gini Coefficient G is related to the Lorenz Curve as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1G = (Q3 - Q1) / Median
- 2G = Standard Deviation / Mean of income distribution
- 3G = Area under the Lorenz Curve × 2
- 4G = Area between the line of equal distribution and the Lorenz Curve / Total area under the line of equal distribution✓
Correct answer
G = Area between the line of equal distribution and the Lorenz Curve / Total area under the line of equal distribution
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