Economics · Gini Coefficient
What does the Gini coefficient measure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Ratio of the area between the Lorenz curve and the line of equality to the total area under the line of equality.✓
- 2The absolute poverty line within a country.
- 3The total unemployment rate of a nation.
- 4The annual rate of inflation.
Correct answer
Ratio of the area between the Lorenz curve and the line of equality to the total area under the line of equality.
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