The Gini coefficient is a number that ranges between: 0 and 1. 0 and 100. 1 and 100. 0 and infinity.
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It is often used in economics and social sciences to assess the level of income inequality in a country or region. Show more…
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The GINI Coefficient: The GINI coefficient is a measure of inequality It is equal to twice the area between the line y = x and the Lorenz curve ! = L(z) . (Here, r and y satisfy 0 < * < 1 and 0 < ! < 4) Expressed as an integral, the GINI coefficient is equal to Roughly; estimate the GINI coefficient for each of the three imaginary towns from the above problem In general what is the range of possible values for GINI coefficient G? Answer: <G <
Supreeta N.
The Gini coefficient is measured by: A. using the formula: the area between the line of perfect equality and the Lorenz curve divided by the area under the line of perfect equality. B. using the formula: the area between perfect inequality and the Lorenz curve divided by the area between the line of perfect equality and the Lorenz curve. C. summing up the total income earned by the population and dividing by the size of the population. D. summing up the cumulative income percentages on the Lorenz curve.
Jennifer S.
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