Income inequality: Gini coefficient, 2022 The Gini coefficient measures inequality on a scale from 0 to 1. Higher values indicate higher inequality. Depending on the country and year, the data relates to income measured after taxes and benefits, or to consumption, per capita. Our World in Data Table Map Chart Play time-lapse 1963 No data 0.3 0.35 0.4 0.45 0.5 0.55 Data source: World Bank Poverty and Inequality Platform (2023) - Learn more about this data Note: Income and consumption estimates are available separately in this Data Explorer. OurWorldInData.org/economic-inequality | CC BY ་ → World 2022 Explore the data → If y = f(x) is the equation of a Lorenz curve (In a Lorenz curve the variable a represents the cumulative percentage of families at or below a given income level, and y represents the cumulative percentage of total family income received), then Gini Index = 2 f₁² [x — f (x)] dx. - The Gini Index is always a number between 0 (absolute equality in income) and 1 (absolute inequality in income) as shown in the applet above. For this discussion, find the Gini Index of income concentration for f (x) = x³.8.

Income inequality: Gini coefficient, 2022 The Gini coefficient measures inequality on a scale from 0 to 1. Higher values indicate higher inequality. Depending on the country and year, the data relates to income measured after taxes and benefits, or to consumption, per capita. Our World in Data Table Map Chart Play time-lapse 1963 No data 0.3 0.35 0.4 0.45 0.5 0.55 Data source: World Bank Poverty and Inequality Platform (2023) - Learn more about this data Note: Income and consumption estimates are available separately in this Data Explorer. OurWorldInData.org/economic-inequality | CC BY ་ → World 2022 Explore the data → If y = f(x) is the equation of a Lorenz curve (In a Lorenz curve the variable a represents the cumulative percentage of families at or below a given income level, and y represents the cumulative percentage of total family income received), then Gini Index = 2 f₁² [x — f (x)] dx. - The Gini Index is always a number between 0 (absolute equality in income) and 1 (absolute inequality in income) as shown in the applet above. For this discussion, find the Gini Index of income concentration for f (x) = x³.8.

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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