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If a 'Nation A' has a higher Gini coefficient than 'Nation B'. Which of the following can be concluded correctly from this? 1. Nation A is economically wealthier than Nation B. 2. Nation B has better social indicators than Nation A. 3. Nation A has higher level of environmental degradation than Nation B.

If a 'Nation A' has a higher Gini coefficient than 'Nation B'. Which of the following can be concluded correctly from this? 1. Nation A is economically wealthier than Nation B. 2. Nation B has better social indicators than Nation A. 3. Nation A has higher level of environmental degradation than Nation B. Correct Answer None of the above

The correct answer is None of the above.

Important Points

Gini coefficient:

  • It is intended to represent the income distribution of a nation's residents and is the most commonly used measure of inequality.
  • A nation with a Gini score of 0 has perfect income equality, and a score of 1 has perfect inequality (i.e. all the wealth is owned by a single person).
  • If the Gini coefficient of Nation A is higher than nation B, there is no guarantee that Nation A will be wealthier or poorer than Nation B.
    • For e.g. Brazil has a higher Gini than Canada, the latter is wealthier. So, statement 1 is NOT correct.
  • It is possible that a more unequal nation has better social indicators than a more equal nation. For e.g. the USA has a higher Gini coefficient than India, yet the former has better social indicators. So, statement 2 is NOT correct.
  • No conclusive inference can be drawn about statement 3. So, statement 3 is NOT correct.

Related Questions

Consider the following statements regarding Gini Coefficient. 1. Gini Coefficient only looks at the distribution of incomes or wealth among a nation's residents. 2. Gini Coefficient ranges from 0 to 1, with 0 representing perfect inequality and 1 representing perfect equality. Which of the above statements is/are correct?
You learn that one nation has a Gini ratio of .25 and another nation has a Gini ratio of .85. Based on this you might conclude
Gini Coefficient or Gini Ratio can be associated with which one of the following measurements in an economy?
To pass a test, a candidate needs to answer at least 2 out of 3 questions correctly. A total of 6,30,000 candidates appeared for the test. Question A was correctly answered by 3,30,000 candidates. Question B was answered correctly by 2,50,000 candidates. Question C was answered correctly by 2,60,000 candidates. Both questions A and B were answered correctly by 1,00,000 candidates. Both questions B and C were answered correctly by 90,000 candidates. Both questions A and C were answered correctly by 80,000 candidates. If the number of students answering all questions correctly is the same as the number answering none, how many candidates failed to clear the test?
Give correct answer by using codes given below:
The Environmental approach has led the Supreme Court to derive, adopt and apply a range of principles to guide the development of environmental jurisprudence. Notable amongst the fundamental norms recognised by the court are
1. Every person enjoys the right to a wholesome environment, which is a facet of the right to life guaranteed under Article 21 of the Constitution
2. Enforcement agencies are under an obligation to strictly enforce environmental laws
3. Government agencies may not plead non-availability of funds, inadequacy of staff or other insufficiencies to justify the non-performance of their obligations under environmental laws
4. Stringent action ought to be taken against contumacious defaulters and persons who carry on industrial or development activity for profit without regard to environmental laws
For economically backward classes, by the 103rd Constitutional Amendment in 2019, Article 15(6) and 16(6) of the Indian Constitution, the following provisions are made. Choose the correct option. a. This reservation can be availed by persons not benefiting by schemes for SC, ST, OBC. b. The reservation proportion will be up to 13% for economically backward classes. c. This reservation is for education and job-related benefits. d. The reservation proportion will be up to 10% for economically backward classes. Which of the above sentences is correct?
Gini has two numbers on her card whose product is 13013 and they are in the ratio 7 ∶ 11. Which of the following is one of those two numbers on Gini’s card.
In which of the following cases the Supreme Court observed to the effect that Government and statutory authorities must anticipate, prevent and attack the causes of environmental degradation. When there are threats of serious and irreversible damage, lack of scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation. The onus of proof is on the actor or developer to show that his action is environmentally benign.
Gagan is the father of Gini. Gini is the sister of Lalit.  Marie is the wife of Lalit. Lalit is the son of Vinita. How is Vinita related to Gagan?
A, B, C, E, F and G are six dancers. B cannot dance better than A. A is a better dancer than G. E is a better dancer than C. E cannot dance better than B or G. F is a better dancer than A. Who among these six is the best dancer?