Question

1. Mention three measures of income inequality?

2. Mention any three parameters which are used as basis for classifying countries ?

Answer 1

Answer:

1. Common income inequality metrics. Among the most common metrics used to measure inequality are the Gini index (also known as Gini coefficient), the Theil index, and the Hoover index.

2. How does the World Bank classify countries?

Geographic regions. Groupings are primarily based on the regions used for administrative purposes by the

1. World Bank.

2. Income groups.

3. Operational lending categories.

4. Other groupings.

PLZZ FOLLOW ME & HAVE A NICE DAY