gini coefficient

• What does the Gini coefficient measure?

  Income inequality in a country
• How is the Gini coefficient calculated?

  By the ratio of area A/(A+B)
• What does the area between the 45-degree line and the Lorenz curve represent?

  It represents income distribution inequality
• What is the range of the Gini coefficient?

  Between 0 and 1
• What does a higher Gini coefficient indicate?

  More inequality in income distribution
• What does the Gini coefficient's relationship with the 45-degree line signify?

  It signifies the level of income equality