Gini Coefficient or Cirri Ratio can be associated with which one of the following measurements in an economy ?

The Gini coefficient, also known as the Gini index or Gini ratio, is a statistical measure used to represent the income or wealth distribution of a nation's residents [2]. Developed by Corrado Gini in 1912, it is the most commonly used measurement of income inequality [5]. It is mathematically derived from the Lorenz curve, which plots the cumulative percentage of total income received against the cumulative number of recipients [3]. The coefficient ranges from 0 to 1 (or 0% to 100%), where 0 represents perfect equality (everyone has the same income) and 1 represents perfect inequality (one person has all the income) [2]. While it is a component in some complex poverty indices like the Sen Index, its primary and direct association in economic measurement is with income inequality [4].

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 3: Poverty, Inequality and Unemployment > 1. Gini Coefficient or Gini Index > p. 44
2. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 8: Inclusive growth and issues > 1. Lorenz Curve and Gini Coefficient > p. 281
3. [5] https://en.wikipedia.org/wiki/Gini_coefficient
4. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 3: Poverty, Inequality and Unemployment > Lorenz Curve Explained > p. 45
5. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 3: Poverty, Inequality and Unemployment > Sen Index of Poverty > p. 42