What is the GINI-COEFFICIENT widely used for?

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AMeasuring economic growth

BMeasuring income and consumption inequalities

CCalculating national debt

DAssessing market trends

Answer:

GINI-COEFFICIENT

This is the widely used method to measure income and consumption inequalities.
It measures the degree of concentration in the inequality of a variable in a distribution of its elements.
It ranges in its limits between 0 and 1 where it assumes the value 'zero' when there is perfect equality in society.

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