Gini coefficient & Lorenz curve (p139, p140)

Question 1

The LORENZE CURVE is the 2nd instrument to be used to measure income ………..

Answer 1

inequality

Question 2

The LORENZE curve was developed by the American statistician ..(a).. in 1905.
The Lorenze Curve is a graphical representation of the quintile …(c)… of income

Answer 2

a) Max otto
b) distribution

Question 3

The GINI COEFFIECIENT is the 3rd method to measure inequality. It was developed by the Italian …… in 1912.

Answer 3

Corrodo Gini

Question 4

The GINI COEFFICIENT is derived from using the Lorenz curve. It divides the area of inequality by the ……. total of area A + area B

Answer 4

sum

Question 5

Name 2 uses of the GINI COEFFICIENT method

Answer 5

1) to compare the distribution of income between different sectors of the POPULATION
2) show the trend of income distribution OVER TIME