Aparna Lucknow, India 601 Questions 0 Answers 0 Best Answers 678 Points View Profile Aparna Asked: September 30, 20212021-09-30T20:44:42+05:30 2021-09-30T20:44:42+05:30In: Economics What is Gini Coefficient? What is Gini Coefficient? economic graphs in indicator Share Facebook 1 Answer Recent 0 Questions 518 Answers 176 Best Answers 0 Points View Profile [Deleted User] 2021-09-30T20:46:10+05:30Added an answer on September 30, 2021 at 8:46 pm Gini Coefficient The Gini Coeffi cient, which is derived from the Lorenz Curve, can be used as an indicator of economic development in a country. It measures the degree of income equality in a population. It can vary from 0 (perfect equality) to 1 (perfect inequality). A Gini Coeffi cient of zero means that everyone has the same income, while a Coeffi cient of 1 represents a single individual receiving all the income. 0 Reply Share Share Share on Facebook Share on Twitter Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer. Related Questions What is W-shaped recovery? What is U-Shaped recovery?