Question: The Gini coefficient ( i n d e x ) i s a measurement o f income inequality. Its value ranges between 0 and 1
The Gini coefficient a measurement income inequality. Its value ranges between and where indicating perfect equality and perfect inequality. calculate the Gini coefficient, need the Lorenz Curve which graphically shows the distribution income. usually represented the portion income axis the percentage population axis Here name the Lorenz Curve the Line, and the Gini coefficient With the information given, try finish the following questions.
calculate Gamma, also need degree diagonal line within the diagram income distribution. Suppose label this diagonal line Line. What the Line represent for?
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