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AQUANTITATIVE INDICATOR SHOWING THE DEGREE OF OF DIFFERENT INCOME DISTRIBUTION OPTIONS IS a. consumer price index b. Gini coefficient c. Lorenz curve d. supply curve

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AQUANTITATIVE INDICATOR SHOWING THE DEGREE OF OF DIFFERENT INCOME DISTRIBUTION OPTIONS IS
a. consumer price index
b. Gini coefficient
c. Lorenz curve
d. supply curve

AQUANTITATIVE INDICATOR SHOWING THE DEGREE OF OF DIFFERENT INCOME DISTRIBUTION OPTIONS IS a. consumer price index b. Gini coefficient c. Lorenz curve d. supply curve

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The is b. Gini coefficient.<br /><br />The Gini coefficient, also known as the Gini index or Gini ratio, is a quantitative measure that shows the degree of income inequality or distribution within a population. It ranges from 0 to 1, where 0 represents perfect equality (everyone has the same income) and 1 represents perfect inequality (one person has all the income, and everyone else has none).<br /><br />The other options are not directly related to income distribution:<br /><br />a. Consumer price index (CPI) measures the average change in prices of a basket of goods and services over time, indicating inflation.<br /><br />c. Lorenz curve is a graphical representation of income or wealth distribution, showing the cumulative percentage of total income received against the cumulative percentage of population.<br /><br />d. Supply curve represents the relationship between the price of a good and the quantity supplied, indicating how much of a product is available at different price levels.
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