Gini coefficient
What Gini coefficient means in Economics A-Level, as defined for AQA.
Definitions of Gini coefficient
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Reference: AQA
A measure that quantifies inequality mathematically as the ratio of the area between the line of perfect equality and the Lorenz curve to the total area under the line of perfect equality.
A statistical measure that condenses the entire income distribution into a single number between 0 and 1.
Topics that use Gini coefficient
- The distribution of income and wealth (AQA A-Level)
Related terms
- Asset Ownership
- Asset Price Inflation
- Equality
- Equity
- Equity vs efficiency
- Flow vs Stock
- Government intervention
- Incentives
Using Gini coefficient in the exam
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