Table of Contents
Lorenz curve Excel
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inequality
Lorenz Curve and Gini Coefficient
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Income Inequality can be measured graphically by a Lorenz Curve or mathematically using the Gini Coefficient. This video explains how both of these work
Gini Coefficient Explained | IB Macroeconomics
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The Gini Coefficient I A Level and IB Economics
The Gini coefficient measures the extent to which the distribution of income (or, in some cases, consumption expenditures) among individuals or households within an economy deviates from a perfectly equal distribution. The coefficient ranges from 0 meaning perfect equality to 1 meaning complete inequality.
aqaeconomics ibeconomics edexceleconomics
The Gini Impurity Index explained in 8 minutes!
The Gini Impurity Index is a measure of the diversity in a dataset. In this short video you’ll learn a very simple way to calculate it using probabilities.
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