Economics · National Income and Inequality
Which of the following statements about the Gini coefficient is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1It is a projection of the population growth forecast for the future.
- 2It provides an estimate of the strength of the banking sector in the economy.
- 3It provides an index to measure income or wealth inequality.✓
- 4It provides an estimate of the contribution of the services sector to the GDP.
Correct answer
It provides an index to measure income or wealth inequality.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice National Income and Inequality MCQs →Want more practice questions on National Income and Inequality?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · National Income and Inequality