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some are more equal than others/What Is the Gini Index?


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The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are theoretically possible due to negative income or wealth.

 

KEY TAKEAWAYS

  • The Gini index is a simple measure of the distribution of income across income percentiles in a population.
  • A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of the total income of the population.
  • Global inequality as measured by the Gini index increased over the 19th and 20th centuries, but has declined in more recent years.
  • Because of data and other limitations, the Gini index may overstate income inequality and can obscure important information about income distribution.
  • https://www.investopedia.com/terms/g/gini-index.asp
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10 minutes ago, guilluamezenz said:

The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are theoretically possible due to negative income or wealth.

 

KEY TAKEAWAYS

  • The Gini index is a simple measure of the distribution of income across income percentiles in a population.
  • A higher Gini index indicates greater inequality, with high income individuals receiving much larger percentages of the total income of the population.
  • Global inequality as measured by the Gini index increased over the 19th and 20th centuries, but has declined in more recent years.
  • Because of data and other limitations, the Gini index may overstate income inequality and can obscure important information about income distribution.
  • https://www.investopedia.com/terms/g/gini-index.asp

You have a Lion and a Goat, Demorats fuk goats.IS THAT FAIR?

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