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

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Q: (CDS-II/2019)
Gini Coefficient or Cirri Ratio can be associated with which one of the following measurements in an economy ?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,70,30,14,13,70,3

keywords: 

{'gini coefficient': [0, 0, 0, 1], 'poverty index': [0, 0, 0, 1], 'cirri ratio': [0, 0, 0, 1], 'income inequality': [0, 0, 0, 1], 'economy': [1, 3, 8, 35], 'personal income': [0, 0, 1, 3], 'inflation': [0, 1, 0, 3], 'measurements': [0, 0, 0, 2], 'rate': [2, 3, 13, 20]}

The Gini Coefficient or Cirri Ratio is a measure of income inequality in an economy. It is used to determine the degree of income distribution among the individuals in a society.

Option 1: Rate of inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. It is not directly related to the Gini Coefficient or income inequality.

Option 2: The poverty index is a measure of the prevalence and severity of poverty in a country. While it is related to income inequality to some extent, it is not directly associated with the Gini Coefficient.

Option 3: This is the correct answer. The Gini Coefficient or Cirri Ratio is directly associated with income inequality. It measures the dispersion of income among individuals in a given population, with higher values indicating greater income inequality.

Option 4: Personal income refers to an individual`s total earnings from wages, investments, and other sources. While it may indirectly reflect income inequality, it is not specifically linked to the Gini Coefficient.

In conclusion, option 3 - income inequality is the correct measurement associated with the Gini Coefficient or Cirri Ratio.