Microeconomics

Learn the toughest concepts covered in Microeconomics with step-by-step video tutorials and practice problems by world-class tutors

Income Inequality and Poverty

Lorenz Curve and Gini Coefficient

Next Topic
1

concept

Lorenz Curve and the Gini Coefficient

clock
11m
Play a video:
Was this helpful ?
0
2
Problem

Which of the following would represent the Lorenz curve of an nation where everyone earned equal income?

3
Problem

Which of the following is true regarding the Gini coefficient?

4
Problem

The country of Newland has a Lorenz curve where the area between the line of equal distribution and the Lorenz curve is 0.22 and the area below the Lorenz curve is .46. What is the Gini coefficient for Newland?