Maharashtra State PSC Model Paper 3

The correct answer is To measure income inequality.

• Gini Coefficient represent the Distribution of Income.
• It measures the degree of income inequality in the country's population.
• The value of the Gini Coefficient varies from 0 to 1.
• 0 means perfect equality where everyone has the same income, and 1 means perfect inequality where all the income is received by a single individual.
• Graphical Representation of the Gini Index (Lorenz curve)