Question

The Gini coefficient gives a summary figure for which curve?

• A. Supply and Demand Curve
• B. Phillips Curve
• C. Lorenz Curve
• D. Lafer Curve

Answer 1

Answer:

C. Lorenz Curve

The Gini-coefficient gives the summary figure for Lorenz curve which first ranks the population according to different levels of consumption/income and then plots the 'cumulative proportion of consumption/income against the cumulative proportion of the population enjoying that level of consumption/income.