Regarding the GINI coefficient, please consider the following statements:
Statement I: The GINI coefficient is utilized to measure the distribution of wealth within a population.
Statement II: A GINI coefficient score of 0 represents perfect inequality, while a score of 1 represents perfect equality.
Which of the above statements is/are correct?
1
Only I
2
Both I and II
3
Neither I nor II
4
More than one of the above
5
None of the above