Q what is gini coefficientgini coefficient a statistical, Ask an Expert

Economics

Q. What is Gini Coefficient?

Gini Coefficient: A statistical measure of inequality. A Gini score of 0 signifies perfect equality (in which each individual receives the same income). A Gini score of 1 implies perfect inequality (in that one individual receives all of the income).

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9579323

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question use the internet to search for an example of an

Question: Use the Internet to search for an example of an enthymeme in the media (e.g., Internet, television, radio, newspapers, etc.). • You may find an op-ed, political piece, advertising, et cetera. • Identify the imp ...

Participation in the labor force is much lower than it has

Participation in the labor force is much lower than it has historically been. How have government benefits, such as food stamps and housing subsidies, affected the labor-leisure choices of individuals?

Quesiton suppose there are two individuals and two goods

Quesiton: Suppose there are two individuals and two goods. The initial endowments are ?1 = (1, 0) and ?2 = (1, 1). Preferences are given by u1(x, y) = x + y and u2(x, y) = y (a) Prove that in equilibrium-if it ever exist ...

Question assume that in long-run equilibrium the minimum

Question: Assume that in long-run equilibrium the minimum point of the LRAC curve for a table manufacturer's tables in $200 per table. Under conditions of monopolistic competition, will the long-run price of a table be a ...

Question in addition to economic benefits regional economic

Question: In addition to economic benefits, regional economic integration produces political benefits. By fostering close economic ties between nations, regional economic integration helps foster peace, as illustrated by ...

Question 1 a what is meant by scarcity of resourcesb if

Question: 1. a. What is meant by scarcity of resources? b. If there is no scarcity, then economics ceases to exist? Do you agree or disagree? If yes, explain. If no, explain. After reading the headline of chapter 1 - Amc ...

Question suppose you want to hasten the transition from a

Question: Suppose you want to hasten the transition from a depletable fossil fuel to solar energy. Using graphs in your explanation, compare the effects of a per unit tax on the depletable resource to an equivalent per u ...

Question if a canadian tourist drinks german beer in a

Question: If a Canadian tourist drinks German beer in a Cleveland restaurant, how will the U.S. Gross National Product (GNP) be affected if the Cleveland restaurant is owned by a Swiss corporation? How will the U.S. Gros ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question danny dimes donahue is a neighborhoods 9-year-old

Question: Danny "Dimes" Donahue is a neighborhood's 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he bakes himself. At a price of $2.5 each, he sells 250. At a price of $2 each, he se ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert