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Rise in gini coefficient leads to?

The Gini coefficient is a measure of equality expressed as a value between 1 and 0. 0 represents perfect equality and 1 represents perfect inequality. Therefore a rise in the Gini coefficient results in an increase in inequality.


How to calculate the Gini coefficient for income distribution?

To calculate the Gini coefficient for income distribution, you need to plot a Lorenz curve showing the cumulative share of income against the cumulative share of the population. The Gini coefficient is then calculated as the area between the Lorenz curve and the line of perfect equality, divided by the total area under the line of perfect equality. The Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality).


How is the Gini coefficient calculated and what does it measure in terms of income inequality?

The Gini coefficient is calculated by comparing the distribution of income among individuals in a population to a perfectly equal distribution. It ranges from 0 (perfect equality) to 1 (perfect inequality). A higher Gini coefficient indicates greater income inequality within a society.


How is the Gini coefficient calculated and what does it reveal about income inequality within a population?

The Gini coefficient is calculated by comparing the distribution of income within a population to a perfectly equal distribution. It ranges from 0 (perfect equality) to 1 (perfect inequality). A higher Gini coefficient indicates greater income inequality within a population.


How is the Gini index calculated and what does it measure in terms of income inequality?

The Gini index is calculated by comparing the distribution of income among individuals in a population. It ranges from 0 to 1, with 0 representing perfect equality and 1 representing perfect inequality. A higher Gini index indicates greater income inequality within a society.