economics easy MCQ

A Gini coefficient of '0' indicates:

  1. Perfect inequality
  2. Perfect equality
  3. High inflation
  4. Zero unemployment

Answer: Perfect equality

The Gini coefficient measures the distribution of income or wealth within a population, ranging from 0 to 1. A value of 0 represents perfect equality (everyone has the exact same income), while a value of 1 represents perfect inequality (one person holds all the income).

Topic Macroeconomics - Inequality
Exam Relevance SSC, Railway, UPSC
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