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Measuring income inequality: The Lorenz curve and Gini coefficient
3:28
YouTubeGeography Lessons
Measuring income inequality: The Lorenz curve and Gini coefficient
#inequality #lorenz #gini #coefficient #capital #asset Full text: In previous videos you have already seen that the prosperity in a country can be very unevenly distributed. This video explains the ways to calculate inequality: The Lorenz curve and the Gini coefficient. Let’s start with the Lorenz curve. Suppose there are 10 people living in ...
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