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Which of the following can be associated with 'Gini Coefficient'?
(1) National income inequality
(2) Lorenz curve
(3) Education system
Select the correct answer using the codes given below :
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- 1 only
- 2 only
- 1 and 2 only
- 1, 2 and 3
Correct Option: C
The Gini coefficient is a measure of statistical dispersion intended to represent the income distribution of a nation's residents. Gini coefficient commonly used as a measure of inequality of individual income or wealth. Lorenz curve helps to find mathematical value of Gini coefficient.
