Civil Services UPPSC RO ARO 2024-25 Mock Tests Series Current Affairs Business and Economy Economic and Financial Affairs
With respect to the Gini Coefficient, which of the following statements is correct?
1
A Gini Coefficient of 0 represents perfect equality, where everyone has the same income.
2
A higher Gini Coefficient always indicates a greater level of economic development.
3
The Gini Coefficient measures the quantity of goods and services produced in a country.
4
Gini Coefficient never changes over time and stays constant within a given geographic region.