Which of the following is NOT a measure of economic inequality?
A. Human Development Index as a pure inequality measure
B. Theil index
C. Gini coefficient
D. Lorenz curve
Answer: Option A
Solution (By JKSSB Mock Tests)
HDI is a composite measure of development (health, education, income). Gini coefficient, Lorenz curve and Theil index are specific measures of inequality.
Explanation:
The zero lower bound refers to the constraint that nominal interest rates cannot be reduced much below zero, limiting the effectiveness of conventional monetary policy in deep recessions.
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