What is the range of the GINI-COEFFICIENT?
A-1 to 1
B0 to 10
C0 to 1
D1 to 100
Answer:
C. 0 to 1
Read Explanation:
It ranges in its limits between 0 and 1 where it assumes the value 'zero' when there is perfect equality in society.
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.
The Gini coefficient takes the theoretical maximum value of 1 when in a population the income level of every individual except one is zero.