Inequality

Question 1

Equation

Answer 1

GINI coefficient = A/A+B

Question 2

Graphical representation

Answer 2

The Lorenz curve

Question 3

Size distribution of income

Answer 3

Measurement of the distribution of income according to the levels of income received by individuals

Question 4

Functional distribution of income

Answer 4

Distribution according to the source of income

Question 5

Distribution of income by class

Answer 5

Distribution according to class of individual

Question 6

Ratio of quantile groups

Answer 6

Share of national income of the bottom 40% compared to that of the top 20%

Question 7

Problems of measuring inequality

Answer 7

Diminishing marginal utility of income
Growth in economic growth for anyone, but a slightly greater increase for the top 1% will increase inequality
Measurement of wealth

Question 8

Determinants of inequality

Answer 8

Geographical location
Education level
Gender
Tax system
Inheritance/Generational
Propensity to save
Employment
Government support