Mesuring Income Inequality Flashcards
1
Q
How would you know the greater the inequality in distribution of income is?
A
The further the Lorenz curve will deviate from the straight line
2
Q
Futher the curve bends what does this mean about the control of income ?
A
Less control of income same amount of people will have
3
Q
The greater the value of gini coefficient
A
The more uneven the distribution
4
Q
What can Gini coefficient also be quoted as?
A
A percentage 0.65=65%
