Question no 3037 SSC CGL Tier 1 Genral Awareness Questions and Answers Online Test 89

SSC CGL Tier 1 :: GA Test 89

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1 .

If people's income of a country is denoted in a curved line space that it has increased, then what does it denote ?

[ A ] the income is increasing
[ B ] the income is decreasing
[ C ] dissimilarity is decreasing in income distribution
[ D ] dissimilarity in income distribution is increasing

Answer : Option C

Explanation :

It shows inequality in income distribution. Inequality indices can also be derived directly from the Lorenz curve. Perhaps the most commonly used inequality index is the Gini coefficient, which ranges from 0 (perfect equality) to 1 (perfect inequality). It is the ratio of the area enclosed by the Lorenz curve and the perfect equality line to the total area below that line

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