What is the relationship between the Lorenz curve and the Gini coefficient?
Answers
Answered by
7
Answer:
The Gini coefficient is the ratio of the area between the line of perfect equality and the observed Lorenz curve to the area between the line of perfect equality and the line of perfect inequality. The higher the coefficient, the more unequal the distribution is.
Answered by
6
Answer:
The Gini coefficient is the ratio of the area between the line of perfect equality and the observed Lorenz curve to the area between the line of perfect equality and the line of perfect inequality. The higher the coefficient, the more unequal the distribution is.
Similar questions
Social Sciences,
2 months ago
Environmental Sciences,
2 months ago
Biology,
5 months ago
English,
5 months ago
Sociology,
9 months ago
Art,
9 months ago