Economics · National Income and Inequality
Which of the following statements are correct regarding the Gini coefficient? I. It measures the level of income inequality in a society. II. The higher the Gini coefficient, the lower the inequality. III. It can be derived directly using the Lorenz curve. Select the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1II and III only
- 2I and II only
- 3I and III only✓
- 4I only
Correct answer
I and III only
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