Gini coefficient, an indicator, measures inequality. Which of the following statements is/are correct?
(a) Gini coefficient measures the deviation of distribution of income (or consumption) among the individuals within a country from a perfectly equal distribution.
(b) For India, the numerical value of Gini coefficient is more than Brazil and South Africa.
(c) It also measures average income of the richest 20 percent of the population to that of the poorest 20 percent.
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Only a
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Only a and c
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Only b and c
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All of these
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None of these
A
Correct answer
Explanation
Gini coefficient measures the deviation of distribution of income (or consumption) among the individuals within a country from a perfectly equal distribution. For India, the income Gini coefficient was 36.8 in 2010 - 11, while that of Brazil was 53.9 and South Africa's was 57.8. The second indicator is the quintile income ratio, which is a measure of average income of the richest 20 per cent of the population to that of the poorest 20 per cent. The quintile income ratio for India was
5.6 in 2010 - 11. REF: Economic Survey.